F U SEE THE DAILY CHART ITS A LONG ACCUMULATION BY BIG PLAYERS FROM AUGUST TO ALMOST DECEMBER START
THIS STOCK IS TRADING AROUND 60 LEVELS, ACCORING TO WHAT CHART SAYS IF IT BREAKS 70 WE CAN SEE A BLASST TILL 100 LEVELS
SL CAN BE 55rs ON WEEKLY CLOSING BASIS
Expecting 780 in near Future
It was moving sideways for the last few days. Finally gave a breakout above 755.
Caution: Expecting 4-5% Fall in Overall Market in December. That can spoil all analysis. So trade wisely.
Buy around 321 with a Stoploss of 316 and with Target at 337 .
Don't forget to follow, if you make some bucks with these levels :)
All levels are as per spot. Please have a proper risk management. Happy trading.
Post Covid, we have seen pharma index beating NIFTY. However, last few months, pharma has been stagnant with respect to NIFTY. Idea was to check comparative relative strength of Pharma vs NIFTY and identify signs of next pharma sector run. The two blue lines highlighted looks like the base and top formation when pharma outperforming and underperforming NIFTY
Technical Breakout today on the Charts + News Driven Trigger of the Sputnik V Vaccine today. What else is needed in the Setup?
- 5200 might as well be achieved this week i.e. November expiry, quite a high chance
In addition to Nifty Pharma index is also in Bullish mode, Expecting Dr. Reddy's to see New ATHs soon too!
LETS SEE WHETHER BIOCON CAN BREAK THE W PATTERN AND MOVE UP...
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
Balkrishna Industries & Cipla in my long term holding list.
For Positional Traders Cipla Buy At Cmp 770 Strict SL - 670 (Day Closing Basis) Target - 1050/1100/1150
And in posted chart this is short term swing trade - Buy cipla at cmp 770 with SL of 729 Target - 840/855/870
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.
IF I SHOW YOU THE PROPER PRICE ACTION THEN ITS JUST A CUP OF TEA TO TRADE ANY STOCK
UNDERSTAND THE PRICE ACTION RATHER THAN DEPENDING ON ANY INDICATORS
LONG THIS STOCK ITS HAVE VERY LESSER CHANCES TO COME DOWN BECAUSE OF MAJOR AND HEAVY SUPPORT ZONES
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