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PHARMA

CIPLA | ROUNDING BOTTOM PATTERN | SIMPLE INTRADAY TRADE SETUP NSE:CIPLA CIPLA has made rounding bottom pattern breakout. Simple INTRADAY trade setup for 02-08-2021. For buy trade --> Go long above 925. Targets are mentioned on the chart. For Sell trade --> Go short below 910. Targets are mentioned on the chart. My personal view is bullish on Cipla. It gave RSI Bullish divergence by forming higher lows in the RSI chart, while candle chart was making lower lows. Do comment if you have doubt or suggestion.
NSE:CIPLALong
by Trading_hawk
1
Alembic in a good support zone🍂Alembic Ltd cmp 121 sl 117 expecting trend reveral first trgt 140-200++ Why was it selected❓ 🔹Company is almost debt free. 🔹Company is expected to give good quarter 🔹Technically looks good. 🔹The stock was in a good support zone & expecting reversal. 👉Entry possible,but it’s not a buy recommendation.Study well🙏 ABOUT THE COMPANY🍂 Alembic is dealing in Active Pharmaceutical Ingredient (API) Business and Real Estate Business. Thank You.💚 Like🔹Comment🔹Suppor
NSE:ALEMBICLTDLong
by ANKITHSHAJU
15
Nifty back in the loop of 15700-15835NIFTY 50 EOD ANALYSIS -27-07-21 IN SUMMARY Open / High / Low / Close 15860.5 / 15881.35 / 15701 / 15746.45 Trading Range Low to High: 180 points Likely Max Realistic Opportunity @ 50%: 90 points India VIX: 13.23 / +6.27% FII DII activities: -731 Crores CHART BASED CONCLUSIONS Nifty ended the day as if today was 19-7-21, just around the same level. This is becoming a regular feature nowadays. With the increased VIX, Nifty finally expanded its range to 180 points and remained downward for the most part of the day except for the relief rally around 1300 hrs and a mini-rally after the sell 0ff in the last one hour. It appeared that call writing was heavy even at 15750 as the level could not be breached. Nifty would need a great amount of effort from the heavyweights to bring it back on track. With only 2 sessions to go in this series, 16000 is unlikely to be attained unless there is a strong gap-up followed by a short covering in the next 2 sessions. TOP 3 LOSERS DR REDDY - A massive 10%+ fall in the scrip dented the spirits even though it is not a heavyweight. This fall has wiped out the gains of the last several weeks. CIPLA - One more from the Pharma sector that washed ashore and broke 50 DMA decisively. The Pharma sector was affected today but the top 2 losers from Pharma in Nifty is something quite an unusual scenario especially due to the fact that the sector was strong post-Covid. AXIS BANK - Like all Nifty 50 members, this one too fell sharply post results. This seems to be the trend now and especially on the day after the results have been announced. TOP 3 GAINERS HINDALCO - A strong follow-up moves from the scrip after a good performance on 26-7 and is now heading higher into the resistance zone. The RSI on the daily chart is supporting above 60 so it may well be able to create a new ATH. SBI LIFE - The star performer of 26-7 did well today as well though it witnessed some sharp down move, it recovered very well and made yet another ATH close. TATA STEEL - A gap-up opening and it sustained the negativity in the market making it close at yet another ATH. RSI is also looking good so this is heading higher in the coming session's subject of course to its results. POSITIVES Just because I have a section where I am forced to write that INFOSYS closed above 1600 is a positive sign. Nifty managed to close above 15700 is also a positive sign. Of the Banknifty community, SBIN showed good strength maybe as its result is not yet out. NEGATIVES Nifty has broken 15800 yet another time and the bear camps in the 15835-50 may be dancing with joy as they succeeded in dragging Nifty back to 15700 after a modestly good start. AXIS BANK, KOTAK BANK, HDFC, ITC, and RELIANCE dragged Nifty by the collar and made it hard for the bulls to bring it back from breaking the 15700 lines. FIIs are still Net Sellers at 1400+ Crores. TRADING RANGE FOR 28-07-21 The support line for Nifty now moves down to 15650-700 with the resistances being 15750-775-800-15835-50-900. For any future bullishness, a close above 15900 is essential. 34400-600 is still the support area for Bannifty with 35200-35300 as the resistance band. INSIGHT / OBSERVATIONS RELIANCE tested its 200 DMA and also the FIB support at 2040. This was long overdue and hopefully, this will lead to reduced negativity from hereon. HDFCBANK closed below 200 DMA on 26-7 and is on the line today. And its sibling HDFC broke its 200 DMA today so the reaction tomorrow is going to be interesting. In comparison to HDFCBANK, HDFC is a fast-mover on either side of its day. FMCG scrips are under pressure but the wholesaler of FMCG goods DMART, is scaling higher highs. This is quite an interesting situation to have and is open to interpretation. Thank you, and Happy Money Making! Umesh 26-07-2021. P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
Stock Analysis of Cadila HealthcarePrice - 622.50 Dt. - 20.07.2021 The stock is consolidating from May 10 and on 20th July stock took the support of a lower horizontal line and managed to close above the 50DEMA. The stock broke the 21 DEMA which was acting as a support for the last few days. Nifty Pharma may start moving up from the next trading sessions. If the stock starts moving up from Thursday and if it is above 630 after 1 pm with high volume then it would be a buy signal with the target of 670.
CLong
by mr-sky
SUNPHARMA LEVELS & TARGETS NSE:SUNPHARMA SUNPHARMA LOOKS BULLISH. Recent pattern is bullish flag and pole. And If you look it on chart it has created inverse head and shoulder patter from 27th May to till now and also FRIDAY it crossed above the neckline and tested the neckline and closed at the neckline. If on Monday it gets proper buying volume then this neckline will act as good support. This neckline is placed at 688 level. 700 is big resistance as most of Call OI is on 700. Once it breaks this 700 then long up move will be there in SUNPHARMA. LEVELS and TARGETS for long/buy trade area shown on charts. All the best for trading in next week. Comment below if my Ideas are helping you to understand the levels. Also comment your suggestion or doubts.
NSE:SUNPHARMALong
by Trading_hawk
Aurobindo Pharma 5 % Breakout, post tight consolidation!Aurobindo Pharma was consolidating for a while near the Supply Zone /Resistance. The price burst out like water bursts out after huge pressure build up inside a pipe. On similar lines, when there is strong consolidation , its like pressure building up on the price near a resistance or support and soon after , the price breakouts with extreme force. A same action was seen in the Auro Pharma stock . Also, this has to be supported by strong volumes (volumes are strong), when the volume moves , price follows! We have a good consolidation, supported by good volume and we see a bullish pin bar candle while the price was trying to breakout. Bullish pinbar candle near a support or a breakout zone ( resistance /supply zone) suggests that bulls/buyers are very strong and are pushing the price up!
NSE:AUROPHARMALong
by anusuabose92