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Niftypharma

Nifty daily analysis for 04/08/23.Nifty on the daily charts has given a doji and closed below 20 ema. The market remained for selling from the initial hour. Due to the weekly expiry today there was buying in the closing hour and market closed below both the moving averages on the hourly charts. The market for 2 day has lost 350 points or 1.8%. Today nifty touched 19300 levels and reversed from the levels closing at 19381. On 15 minutes charts, it took rejection from 20 ema and gave a fall of around 1% from the levels. Support :-19300, 19200 Resistance :- 19420, 19550 The market has given a nice fall after consolidating and forming a bearish flag and pole pattern. Bearish or sideways market can be there. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Swing Trading Opportunity in Sun PharmaOn the daily timeframe chart of Sun Pharmaceutical, the price is approaching a resistance zone that has been tested multiple times. As this resistance has been tested multiple times, it may be considered a weak resistance. If the price gives a strong breakout above this resistance zone, it could present a great opportunity to take a swing trade. For entry, we can go long after a breakout of a strong bullish candle above the resistance zone. It is advisable to initially enter with half quantity, as most breakouts tend to fail. After the breakout, when the price pulls back to the flip zone to take support and then starts moving in the direction of the breakout, we can add the other half quantity. Sometimes, the price doesn't pull back, which is why we enter the trade with half quantity after the breakout candle closes. Regarding the stop loss, we can keep it below the resistance zone with some buffer. We can set the target near the all-time high, as it may provide a significant resistance level and a potential area of profit-taking for traders. However, it is important to note that we should also monitor the price action closely and adjust our target accordingly if we see any signs of weakness or reversal in the trend. If you enjoyed this content, please consider giving it a like and following me for more updates on market analysis and trading strategies. Your support is greatly appreciated!
NSE:SUNPHARMALong
by vt_trader
3
GLENMARK- Squeeze Buy!GLENMARK Attached: Daily Chart as of 31st March, 2023 Bullish Opportunity in Glenmark is clear as Price has Not Only given a CLASSIC CUP & HANDLE BREAKOUT BUT IT is also accompanied by a Squeeze Buy Signal aka the Squeeze Release ! (Note: Squeeze is a volatility and momentum indicator introduced by John Carter, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. The volatility component of the Squeeze indicator measures price compression using Bollinger Bands and Keltner Channels. If the Bollinger Bands are completely enclosed within the Keltner Channels, that indicates a period of very low volatility. This state is known as the squeeze. When the Bollinger Bands expand and move back outside of the Keltner Channel, the squeeze is said to have “fired”: volatility increases and prices are likely to break out of that tight trading range in one direction or the other.) CMP= 464.7 Targets🎯: T1= 500 T2= 550 Stop Loss⚠️: below 445, which is Breakout Candle Low
NSE:GLENMARKLong
by T_Harth
Nifty Pharma- Three White Soldiers BULLISH REVERSAL!Attached: Nifty Pharma Index Weekly Chart as of 7th April 2023 With the Week gone by, Price has formed the 'Three White Soldiers' Candlestick Pattern on the Weekly Chart This has MAJOR IMPLICATIONS (Note: the 'Three White Soldiers' is a Bullish Candlestick Pattern that is used to predict the Reversal of the current Downtrend in a pricing chart.) What Does This Mean for Investors & Traders? - Money is flowing back into the Pharma Sector and Stocks - There is a Trend Change of the previous Bear Trend to start of a New Bull Trend - In addition to the Candlestick Reversal Pattern, Price has also given a Trend Line Breakout (marked as Dotted Trend Line on Chart) which is another sign for a Trend Reversal Hence, Bulls are now chasing the Pharma Sector so if you want to make Money on the Long Side, this is the Sector to be in ! .......................... FYI: I have already shared a Bullish Stock Pick within the Pharma Sector in my Related Ideas below. Check it out to know more.
NSE:CNXPHARMALong
by T_Harth
Weekly Analysis 31st Dec 2022S.no Sector Remarks 1 Nifty Closed at 18105 up by 300points, last week’s low of 17780 was breached by only 5 points and then market reversed. All the sector’s participated in reversal except pharma. Weekly & monthly Tf is still not bullish but daily TF is showing signs of reversal. Now this index should not close below 18000 else next leg of downward rally will be fast. On upside if 18264(fri high) is crossed then 18323, 18385, 18500 will be resistance to watch out. On downside below 18000, 17800, 17636, 17550 will be imp levels to watch out. Need to keep eye on HDFC twins (HDFC ltd & HDFC bank) coz both are consolidating for 7 weeks now, Either side momentum can make or break NIFTY 50 & Banknifty. 2 Nifty Bank Closed at 42986, tested low of 41569 recovery in this index helped overall market. Daily closing above 43622 will take this to 44000 which will be tough resistance to crack. Above 43622, 44000, 44300, 44400, 44575,44850 will be levels to watch out for. On weekly TF this index is making higher high & higher low structure so till the time 41650, 40800 are not breached there is nothing much to worry. So put alert for level and once these levels are breached, book all position in bank stocks 3 Nifty PSU bank Closed at 4318, made low of 3843 and reversed. Banknifty and PSU bank making similar structure and now weekly closing above last week’s high of 4409 will bring momentum. Personally, I would like some correction in this index to initiate fresh trade, current levels are not good risk reward wise. Upside levels 4575,4760, 4870, down side support levels 3815, 3522, 3366. Around 3480/3500 index level we can initiate longs in PNB, Bank of Baroda, IOB 4 Nifty Auto Closed at 12611, took support at 12140 and then up around 400 points over last week close. Now this index should give 2 consecutive daily close above 12759 else this is sell on rise index for me as of now. On upside 12885 will be the tough battle to win for bulls, on down side 11800/12000 will be the crucial support levels. Escorts at 1800, TVS at 960, M&M around 975/1000 levels will be great buy. Put alerts for these prices in your system so that you dont miss out on opportunity 5 Nifty IT Closed at 28621, made low of 28209. On weekly TF this index has made inverted hammer, which is not good sign, till 28000 is intact nothing to worry below this 26313 will be the support. But sell off in Nasdaq is putting lot of pressure on our Indian IT stocks also. INFY around 1363/1400, TCS around 2973 will be great bargain. Currently wipro structure is looking good, above 398, 415, 425 looks possible 6 Nifty Infra Closed at 5252, took support at 5138. upside target of 5300 achieved now we should wait for 4979, 4882 levels to initiate longs 7 Nifty Pharma Closed at 12597, as mentioned last week also this index is not very bullish, around 12057 levels we can initiate long term bets in CIPLA, Drreddy, sunpharma etc. Wait n Watch sector 8 Nifty Metal Closed at 6723, took support from 6194 and gave good up move. China increasing tariff on their steel exports gave momentum to our metal stocks. Now 2 daily close above 6804 can take this index to 6900/6960.I will avoid this sector for fresh long as I am not interested in news driven growth 9 Nifty FMCG Closed at 44171, took support at 44057. On weekly TF made bearish candle and below this week’s low of 44057, 43650 can be tested which will be good place to enter in Top FMCG stocks. On upside 44960,45228, 45400 will be the levels to watch out. ITC at 314, HUL at 2466, tata consumer at 748 will be good place to initiate longs 10 Midcap & Small cap Midcap closed at 31509, took support at 30000 and gave nice upmove of 1500 points. Personally, I got many scripts at very good price and booked out of some. Now 31944 is imp resistance to watch out for above which another leg of rally can come on down side 30000 is imp support. If not entered in last week’s fall, wait for another round of selling to enter good midcap stocks. Small cap closed at 9731, took support at 9100, above 10000 we can expect some fireworks. I would recommend to keep booking or locking profit in both the indexes as i am not fan of V shape recovery 11 Nifty Energy Closed at 25869, made low 24665 and reversed. On upside 26325, 26700, 27000, are imp levels, on down side 24760, 24260 are very important support levels. Reliance around 2370 is good place to go long although as of now reliance structure is not bullish
NSE:NIFTY
by ssudhirsharma11
1
MOREPEN LABORATORIES - DAY CHART - 24.12.2022 - BAHAVAN CAPITALMOREPEN LABORATORIES posted on 22.12.2022 ABOVE 38.20 TARGET 40.20 and TARGET HIT on 23.12.2022 Stock made a high of 43.70 and closed at 42.65. New Target for 26.12.2022 Stock ABOVE 44 TARGET 46. Though DII been in selling spree but DII Buying had been highly to be noted DATE FII DII 21.12.2022 1119.11 cr (Net Selling) 1757.37 cr (Net Buying) 22.12.2022 928.63 cr (Net Buying) 2206.59 cr (Net Buying) 23.12.2022 706.84 cr (Net Selling) 3398.98 cr (Net Buying) Happy Profitable Trading to All.....
NSE:MOREPENLAB
by UnknownUnicorn19608572
MOREPEN LABORATORIES - DAY CHART - 22.12.2022 - BAHAVAN CAPITALMOREPEN LABORATORIES as per Daily Chart Analysis Stock ABOVE 38.20 TARGET 40.20. Irrespective of consecutive 3 days market in red but today FII Net Buying at 928.63 Cr and DII Net Buying at 2206.59 Cr. However Spike in Corona Virus with new variant should be watched out next week sessions for the market movement. Pharma and Diagnostics Stocks may see some sharp movement if variant is a concern. Happy Profitable Trading to All...
NSE:MOREPENLAB
by UnknownUnicorn19608572
1
ASTER DM HEALTHCARE LTD - Ascending Triangle Breakout📊 Script: ASTERDM (ASTER DM HEALTHCARE LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY SMALLCAP / NIFTY PHARMA 📊 Sector: Healthcare 📊 Industry: Healthcare Services - Hospital Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price which is volume breakout. 📈 Script is giving breakout of Ascending Triangle. 📈 Current RSI is around 65. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 265.55 🟢 Target 🎯🏆 - 304 ⚠️ Stoploss ☠️🚫 - 247 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:ASTERDMLong
by radha_23
DR. LAL PATH LABS LTD - Multiple Indicators + Just a View📊 Script: LALPATHLAB (DR. LAL PATH LABS LTD.) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY PHARMA / NIFTY500 / NIFTY MIDCAP 📊 Sector: Healthcare 📊 Industry: Healthcare Service Provider Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and it may give breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages may also give crossover. 📈 Volume is increasing along with price. 📈 Current RSI is around 61. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 2567 🟢 Target 🎯🏆 - 2849 ⚠️ Stoploss ☠️🚫 - 2401 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy Navaratri 🕉️ 💃🏻🕺🏻 Happy learning with trading. Cheers!🥂
NSE:LALPATHLABLong
by radha_23
1
Go Long with Ajanta Pharma for swing trade Aggressive Traders can go long with Ajanta Pharma at CMP around 1300 with SL around 1250-1260 and target 1330, 1400 and final target around 1440-1460. It may consolidate near 1460 for few days before next move. Conservative traders should enter near 1190, if get chance, with SL around 1140. Target depends on next price action. Same targets can be considered if major selling pressure is not seen before reaching to entry point (1190). DISCLAIMER:- I'm not SEBI Registered. Ideas shared here are my personal view and not to take trades, these are for educational purpose only. Please consult your investment/trading advisor before taking any position.
NSE:AJANTPHARMLong
by anilpatidar
range breakout with engulf candle Some key points are mention in chart This was on bearish journey from last one year & right now accumulation is done in a range & prepared for fly . This is a range breakout.... Range is 15% How to enter-: > small range-- one should enter at breakout level(range like-4-8%) >Big range ---one should enter at lower level of range with very small SL (just below the range like 2-5% so that due to volatility no hunting of SL) Targets & SL-- 1st target -490(27%) 2nd target-550(45%) SL 1st - mid of range (15/2= 7.5%)= [1st target- 1:3.7,,2nd target-1:6} 2nd- low of range(15%) ={1st target-1:1.8, 2nd target - 1:3} Happy swing trading
NSE:ZYDUSLIFELong
by mahhisingh