Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.
The stock had entered into the zone from which it had rebounded in the past.
If you search the news on 15th Feb 2019...the entire world was pessimistic about the Dr Reddys's.
The FDA was raising issue on the one of the most important manufacturing plants...
Up sloping Pitchfork is capturing the frequency nicely and thus offering a good trade with small stop Loss. One can trade it in the following manner
SL 724 (closing below on hourly basis)
Risk/Reward Ratio 3.50
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
The stock has nicely formed the double bottom reversal pattern so one can expect that the long term downtrend has been reversed for time being. It has retested the neckline yesterday and bounced from that level. One can buy the stock now with the SL of low of today and continue with the trade for the target of 472. It offers a good Risk to Reward ratio of...
Supnpharma trading in bullish channel
fresh buying above 443 for 454,460
Bears will be in control after 410 for 400,380
Sunpharma hovering near 50 SMA ,if manage to stay above 50 SMA then bulls will be inn control
200 SMA at 405 last line of support
The stock is in deep downtrend but has made a Victor Sperandeo 2B Reversal Pattern with RSI Divergence therefore it looks good for trading/investment. Traders can enter a long at current level with SL of recent low which is quite affordable. One can easily fetch 2.5 - 3 times reward of the risk being taken into this trade. I know that following the trend is better...
Trade NIvesh : Pharma shares were trading higher in Friday's morning session with their sectoral index trading higher.
if you want to make position in future market BUY AUROPHARMA FUTURE ABOVE 826 TG 850, 880 SL 812