Divislab results are expected and every result is showing a drop in stock price. Divislab closing below 3265 will see further drop of the stock to 3020 range.
Pharma moves slow & are a contra theme to market most of times i.e. when market is bullish pharma is bearish & vice versa this counts shows us whats next for Mr. Market.
Chart setup
The stock has previously taken support at 3450 odd levels in late May - June 2022 / Aug 2022 / Oct 2022
- it broke down below that in November and the same level acted as resistance in for a month and a half
- now again trading above the crucial levels
- blue trendline support comes at 3330 odd levels on 25 Jan...
Hello everyone , i m sharing an update with you on NSE:CIPLA
1st target is on chart along with stoploss ,2nd target will be displayed after reaching 1st one.
do follow and comment if u want analysis video with stop loss and targets
Laurus lab
In my previous take on the stock when it was trading at 463, a long position in cash market was suggested between 436-463 from a long term perspective and with a warning that below 435 it might fall down to 340-370 odd levels and that one needs to have a plan for the same.
Accordingly I had
I haven't changed the chart but using the same one...
share name : alkem lab ltd
call type : positional or investment
- share is forming a cypher pattern with ab=cd
and double bottom
- a good consolidation can be seen between
level 3369-2828
- 3369 is a hurdle zone for this share which
acting as a huge resistance
- we can accumulate this share around
2969(after competing of gartley in shorter
time...
strong chart
relative outperformer in pharma space
stock above key averages
pharma index seen a decline of 7 % odd in past 11 session while this counter is trading with strength
formed a dual bottom
trading above neckline.
Buy abv 740 close in weekly for upside confirmation.
Target - 900 , 1000
2nd scenario keep accumulate now. if u know the fundamental analysis.
Because I covered only technical.
NSE:AUROPHARMA
Strong Breakout Candle formed with Volume.
Multiple Breakouts from
a) Falling Trendline Pattern of many months
&
b) Symmetrical Triangle Pattern
CMP moving above 20 & 50 Day EMA and RSI moving in Bullish Zone
Target : 554 - 600
SL : 510
R: R - 1 : 2
Time Frame : 1 to 4 weeks
NSE:LUPIN
Breakout of Falling Trendline from May 2021
Weekly Closing > 50 Week EMA after 15 months signals change of TREND
CMP taking support from Moving Averages
Targets : 744 - 839 - 915 - 992
Upside : 43%
SL : 640
RSI>55 back in BULLISH Zone
once stock crosses upper range and sustain above then we can seen more upsides in stock
price trading in a range
wait for get out from range
chart showing explanation it self
NSE:ZYDUSLIFE
Stock is in Higher High Higher Low Formation after major correction, which indicates Positive Trend.
CMP above all Weekly EMAs & RSI Rising in Bullish Zone
Immediate Resistance Zone @430-435 after which
Targets : 460 - 500 - 540
Upside : 35%
SL : 395
Time Frame : 3 - 12 Months
today Day's candle closing above the resistance line can lead to more upside in near future
target open
option trade to enter will be shared once buy triggers
for now its on radar
disclaimer - for education purpose only
NSE:CNXPHARMA
Flag Breakout on Monthly Charts
Monthly Closing above 50 Month EMA & trading above all long term EMAs
RSI in Bullish Zone
Next Targets : 14700 - 16500
Upside : 27%
SL : 12100
Time Frame : 6 - 12 Months
Participate via PHARMABEES, PharmaFund
