Niftypharma
CADILA HEALTHCARE ANALYSISHello Everyone
As per hourly Chart pattern cadila has been trading in symmetrical tringle pattern.
Today market open at 9.15 and cadila has bounced back from lower level trend line area. if cadila sustain above this zone then we can see good upside move .
Target : 645 655 668
Stop loss : 618
SUNPHARMA: Cup & Handle Formed bullish Peanut pattern in accumulation phase expresses the Fear phase at MAJOR SUPPLY 1H with results into breakout. Further retesting pull-back zone at yellow doted... but if you see observe bearish CUP & HANDLE zone have being leading to frequent breakout upto @648.
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Points to be Note (Technical + Fundamental)
1. Nifty Pharma is in accumulation phase with rising wedge which lead SUNPHARMA in upcoming days.
2. Positive: sales has been decreased by 6% but reserves & surplus is increased fairly.
3. On june 2,2021 Sunpharma has overtake its Subsidairy Swiss drugmaker Ferring Pharmaceuticals for producing one of the main pharma product of Swizz under Sunpharma chain. Due to this company standalone profit will be increased. NSE:SUNPHARMA
Let me know in comment what's your views?
NIFTY PHARMANIFTY PHARMA, moving in symmetrical triangle.
If this pattern breaks and goes above 14200, we will see a big rally in pharma stocks.
Keep in watchlist and set alert.
Cipla, Pole and FlagCipla is forming a pole and flag pattern, with the price action during the last two months. A breakout from the upper end of the flag can be traded for a small target of the 52 Week high at 966 and second target with the fibonacci pivot if the trader feels comfortable. The SL can be set at 900.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
GLAND PHARMAShort term trade
Gland pharma
Cmp 2647
Buy level
2610-2650
Stoploss below 2570 cl basis
Target- 2800 2900
Not an sebi registered analyst trade at your own risk
NIFTY PHRMA-- read description box check out the tag given below you will understand
DONT exit you positions and also Don't go for new positions..
as i gave the rally of 4000 - 4500 point which has done
And now a correction is possible so i will suggest you stay away from pharma
Because this correction can be more than 5000 points
if something changes i will update
Cipla buy for swingCIPLA
MULTITIME FRAME ANALYSIS
1:- Price is at Daily Support.
2:- Price is following Downtrend line in 1 hour time frame (Counter Trend).
3:- After the breakout of counter trendline, Price will also break 50 EMA dynamic SNR.
ENTRY:- 890Rs - 900Rs
1st TARGET:- 940Rs
2nd TARGET:- 970Rs
3rd TARGET:- 1000Rs
STOPLOSS:- 840Rs
NOTE:- Close 50% trade at 1st target
Remaining 25% trade Close at 2nd target
and finally close all remaining trades at 3rd target.
💊 #lupin #niftypharma #nifty #bankniftyNSE:LUPIN
first long till PRZ level as per your trade setup and if find reversal at PRZ level then only book long and one can short as well if find reversal at PRZ.
