AJANTPHARM, a leading pharmaceutical company, has recently seen its stocks take a dip, positioning perfectly into the EMA 20 strategy that I'm about to unveil. Before we dive into our analysis, let's ensure we understand the strategy.
📚 The EMA 20 Strategy Explained
Identify an Uptrend: Look for a Higher High-Higher Low structure.
Ensure the EMA 8 lies...
Nice pull back of pharma index....
But its approaching its resistance zone
be careful at higher levels.
Marked important price action levels...
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In NSE:CNXPHARMA an Head and Shoulder pattern is seen.
The current price of 12775 is the neckline.
You can not trade in Nifty Pharma. But you can in PHARMABEES ETF.
Buy (Pharma Index): Above 12835, SL: 12800, T: 12885/12940
Sell (Pharma Index): Below 12800, SL: 12835, T: 12765/12750
Nifty pharma index formed reverse head and shoulder pattern and gave breakout today.
Better to pick pharma stocks for swing trade
Already in our radar Lupin rocking today..
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as of now it has taken support. one can go long as per their trade setup, it might come again to same reversal zone and then if find reversal again one can go long from there as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a...
Nifty Pharma Made Tweezer Top On Weekly Chart On 21st Sep. Now It Is Trying To Break The High Of 14th Sep. A Single Day Close Above 12550 & All The Pharma Stocks Will Sky Rocket. We'll See New All Time High In Pharma Index.
Cipla, Drreddy, Cadila, Glenmark Are My Top Picks & In My Folio.
The stock has recovered sharply and has found support at the pre-virus high point. It has also been in consolidation for the past few days, and may continue on it's upward trend this week. Keep an eye on the stock. The support level is at 610-615 zone. Expecting a breakout above 650 this week.
Pharma sector has been a strong performer in this crash and will...