ABBOTINDIA : CUP & HANDLE PATTERNAs I mentioned earlier, Don't Miss to catch this fish. The stock is currently moving up , after completing CUP n HANDLE Patter and taking support @ 22345.00 . Those who missed this stock earlier, the stock is providing a good opportunity to them again. The stock is at support , and at CMP i.e. 22733 is right time to enter the trade. for primary target of 24717.00 and we may see a new high thereafter.
Currently this stock is with Low risk and high Reward and best stock to invest for the time being, with 20 EMA crossing over 50 EMA.
This post is only for education purpose. Kindly trade at your own risk.
Good Luck !!!
Pharaceuticals
parallel channel-INTRADAY SETUPLOGIC, LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
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Kopran – Flag and Pole on Weekly ChartStock has history of moving in Flag and Pole Pattern.
Pole and Flag has been created on weekly Chart, base of pole 101.3 and high of pole is 234, difference 133.
Flag breakout area is around 195. ENTRY ABOVE: 195
So Target should be 195+133 i.e 328
Stop Loss: 168.8 (Weekly Close).
Will Update Trailing Stop loss whenever required.
Duration: 1-2 Years
People who have entered at lower level as per my previous post can wait for breakout and keep trailing.
Fundamentally 300 looks Fair Valuation since co has posted good Sales and profit figure this quarter.
Stock can fetch higher Valuation if there figure keeps on improving.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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Alembic Pharmaceuticals ready for a launch✅buy and hold✅
buy @930-38 range
add @ 900
trgt 985-1030-1100+🎯🎯
(period 1-3 months)
why this fall happened ?
there are two major 2 reasons for this fall
first one
🔸profit booking in pharma sector
second one
🔸negative q3 result published.and it's advanced so its fell.
reasons for this buy
🔹anytime we can expect a ride in the stock
🔹chart looks promising
🔹forming ascending triangle
if u are interested in my charts
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