PFIZER - Have given Rounding bottom breakout with a good delivery volume. I is likely to Feel Gap between 5000 and 5100. Now, will gap act as resistance??? If price sustains above 5100 it is likely to give target of 5180, 5400.
Rounding Bottom Complete
Cup and Handle Formation (Reversal)
After longtime of Consolidation and Correction
TGT : Previous all time high of 5900.
Suggestion: Buy at current levels in a staggered manner for handsome return. (Term: 15-45 days)
Hello friends after a long time I am Again Back with a New Idea, So Today we are going to Talk about Pfizer Ltd . As you Know Its a Pharmetical Company . So on 1 Day Chart it is Making a Triangle Chart Pattern . So 1st Resistance Level is 5450 Rs and 2nd Resistance Level is 5900 Rs and Support Level is 4850 Rs . and Altrough the Volume is also Dried Up So I think...
Pfizer has not only filled back the gap it created when a vaccine for Covid was announced, it has broken down further from that point.
The breakdown was also happening with very good volumes.
I still see further weakness in the stock. NSE:PFIZER
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Pfizer, when it announced a vaccine, it had opened with a gap.
Now what kind of a gap is that?
It cannot be treated as a breakaway or a runaway gap because the stock was not really in a uptrend.
So that increases the likeliness of the gap being filled.
Pfizer has managed to do exactly that. And it has filled up the gap pretty quickly as well.
Pfizer has formed a Cup and Handle formation. Company is fairly good. Given the uptrend in pharma industries due to COVID and pfizer being an MNC, its a good trade to take if the BREAKOUT has been confirmed with daily candle closing above 5240.
Even in this bear markets some stocks try to move Northside - Here this is one - I personally assume. Market never minds our thoughts, It will do what it wants.
So, Please understand that never trade without self analysis. This view is only for your observation. Remember Neither your loss or Profit binds me. Do proper study
before an act.