Glenmark pharma preparing for breakoutGlenmark pharma preparing for breakout. Lower high lower low formation broken. Formed double bottom at support zone. About to breakout double bottom patter.
PHARMA
Beautiful Cup and handle pattern on hourly chartHuge upside potential in this stock. It has consolidated well and taken support at 752/753.
Can go long at current level with stop loss around 745. Target on the upside could be 770 and if 770 is taken out 790
High probablility 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)
please like, share and comment if you have any suggestion regarding this analysis
CADILAHC BUY AND HOLDCADILAHC HEALTHCARE SEEMS VERY BULLISH FROM HERE.
1) Near multi-year support of June 2017.
2) Good risk-reward ratio.
3) Support Re-testing.
4) BUY from current levels with Sl 550 on a closing basis.
5) Positional view for the first target of 600 if crossing above this levels........ hold for 660/700 levels.
6) RSI divergence on the daily chart.
7) CUP pattern breakout.
8) KEEP WATCHING volume needs to confirm the trend too for good move.
CAN BE TRADABLE IN EQUITY OR FUTURES.
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BROOKS LAB - Another turnaround story?????Rallies in the pharma space doesnt affected Brooks lab much, But company is already made prominent fundamentally changing decisions ,yet to reflect in the books .
Will they become another HIKAL??
Aurobindo Pharma formed hammer on 5 year major support levelAurobindo Pharma has formed a hammer on 23rd August on a major 5 year long support level. The stock is trading up from previous level, indicating bullish momentum with good volume. I see a bull run on cards from this level.
LUPIN SHORT IDEACIPLA Results weak.
But the commentary states that usually Q4 is not a strong one, Additionally CIPLA has received few approvals towards the fag end of the quarter.
Managemet commentary something that can make investors interested for the time being.
We are looking for SL-608.
If we see weak candles around the middle line, will Opt for more addition towards short side.
Glenmmark Pharma Showing Strength@550 LevelsAs We can see Glemarkpharma Taking Support At 200 EMA which is @550 Levels ,
if tommorrow or in coming Days It breaks Levels of 563 and sustain then we can See Good UpMove In it
So Keep eyes on GlenmarkPharma And On other pharma Stocks
cnx PHARMA recovering... buy on dipPHARMA INDEX given channel breakout and now on recovering mode... ready to fire
pharma stocks buy on dip
Aarti Drugs || Chart analysis✅Aarti Drugs || Chart analysis✅
Can see-
✅Ascending triangle
✅Descending triangle
✅Symmetric triangle
✅Parallel uptrend channel
✅downtrend channel
👉This is not a buy recommendation.
👉The stock is in a major suppport,and maybe can see a reversal from current level.
👉Postive Q1 published.
Study well🙏expecting good growth.
ABOUT THE COMPANY ✅
Established in the year 1984 and a part of $1000 million Aarti Group of Industries, Aarti Drugs Ltd. (ADL) is engaged into manufacturing and selling Active Pharmaceutical Ingredients (API's), Pharma Intermediates, Specialty Chemicals as well as Formulations.
It is exporting its API's and Speciality chemicals to over 100 countries across the globe.
Thank You.💚
Like🔹Comment🔹Support
AUROPHARMA at weekly supportAUROPHARMA at support on weekly charts. One can go long from here with a stoploss around 725.
Torrent PharmaceuticalsCup and handle formation in process
Trendline being broken
If breaks 2894, initiate long
Hold for 15% returns
Strong support at 2690 levels
Sun Pharmaceuticals Trendline broken with decent volumes, initiate long
RSI trendline also broken
RSI at levels of 60
Hold for targets of 711, 737
Good support at levels of 660
QUICK 10% IN JAGSONPAL PHARMA.Jagsonpal has been following a very good trend from quite some time and itr is expected to give a good 10% return atleast in a short span of time it also has some good risk to rewardsd ratio where sl can be taken below trendline.
DIVISLAB making head and shoulderDIVIS LAB is making a very good head and shoulder pattern which is right at the support. The resistance was broken earlier now turned into support.
So some bullishness will result in a good trade. So watch out for this one.
COMMENT down below your views on the analysis.
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.
CNX PHARMA CNX pharma took support with a huge engulfing candle and now approaching the upper level of exploding triangle pattern so it is exciting to see how it reacts to these levels.
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
