PHARMA
11/11/2020 Research Report For LuoinBuy @ CMP CURRENT MARKET PRICE
First Sell Target @ 1016
Final Sell Target @ 1040
Inverted Head & Shoulder Pattern Breakout* Inverted Head & Shoulder Chart Pattern Breakout with extremely high volume .
Breakout in Glenmark (Positional)...Good structure observed in Glenmark pharma
few days back observed descending tringle breakout in this stock with volumes
after breakout retest done and Moving average crossover(21 and 200) also happened
then given a good move now stock is under consolidation
volume was picking up in uptrend and drying up in consolidation
above 591
good support 541-530
Target 630--641--690
Glenmark Pharmaceuticals Ltd
Market Cap-- ₹ 16,275 Cr
Stock P/E-- 10.3
ROCE-- 11.1 %
ROE-- 10.6 %
Promoter + institutional holdings >81%
Aurobindo observation1. Flat top pattern break out. Generally target would be around the length of the pattern.
2. Monthly RSI 60 support.
3. Weekly RSI range shift.
4. Can be a good bet.
5. Stop loss should be below the low of Previous month candle.
Breakout in THYROCAREDisclaimer :- This is not any buy or sell recommendation. This is just my view on this counter kindly consult with your financial or investment advisor before investing.
Thank you !!
Thyrocare is looks good above 1000 level.
Next resistance levels are already mentioned in the chart. Thank you !!
LalPath Labs is a good stock pick The analysis is given on the chart
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Be aware of what you are trading and the risk associated with it.
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Marksans pharma - Breakout candidate.Buy at CMP 56 for a target of 65+ in short term.
1. Flag and pole breakout with volume.
2. Support at 50 levels.
3. Falling wedge breakout candidate.
BIOCON (Positional)Currently at Demand zone. With a small SL, long trade can be initiated for gap filling. Pharma Index is bullish and this stock might try to catchup with other companies soon.
AARTI DRUG--Fly Into Pieces--6 Month Breakout Biggest Breakout Ever In aarti Drugs ....After giving bonus we saw profit booking and from last 6 months its was Consolidating in 600-740 range ...now today it gave breakout with unbelivebale rally....
U can buy it with SL of 735-730
It might test levels of 780..Good Byuing levels
For Short Term TARGET 870-890..IT can give this targets in Tommorows Session
For Long Term TARGET 1200-1300..
Aurobindo pharma to the moonBreakout of cup and handle pattern in Aurobindo Pharma. The stock belongs to the pharma sector, so I'm expecting less impact of COVID scenerio on the movement of this stock.
#tothemoon
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
Positional--sunpharma long...Sun pharma forming very good base
volume was picking up in uptrend and drying up in consolidation
above 660
target-686-710
weak below 629
fundamentals
Market Cap-- ₹ 154,373 Cr.
ROCE-- 10.5 %
ROE-- 9.06 %
Promoter +institutional holdings-- 87%
LUPIN Long term After completing the Cup and Handle pattern and a strong boost in Pharma sector, Lupin finally broke it's resistance and showed a 150 point bull run in the market today. With the Governor's conference today not just LUPIN but other Pharma companies such as CADILA, SUNPHARMA etc. also got a lift in their stock prices.
If we see the chart the next upward targets for LUPIN could be 1322, 1401 and 1497 in long run. On the downside if we see a selling pressure in the market then it can trend towards 1085, 1048 and 1000.
Keep LUPIN in your watchlist for this month and enjoy the bull run.
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AUROPHARMA: CHANNEL + CUP & HANDLENSE:AUROPHARMA
Auropharma is forming a channel it also has a cup & handle pattern, and penetrated the previous high at the time of closing.
Formed very bullish candle on a daily time frame which is engulfing previous 9 days candle.
NIFTY pharma index is also trending higher high.
it can be bullish above 1025.
Not a Trade Advice or Recommendation.
Do your analysis or Consult your Advisor.
Dark Horse of Pharma Sector* 04 years consolidation breakout with high volume .
* Made a rounding bottom chart pattern .
* This is updated chart of sunpharma . Attach the previous chart for referrence .
LUPIN : Large cap darkhorse of pharma spaceMonthly chart -
Weekly chart -
Have also included monthly and weekly charts, script seems to be bullish on all timeframes and currently consolidating which is a sign of healthy base. For short term, its in the range of 850-1100. Once this range is taken out decisively, fresh rally would be seen. Accumulate this as a strong portfolio pick.
IS PHARMA INDEX READY TO FLY NEW HIGH : Uncharted TerritoryPharma sector likely to trade more higher. A new breakout will take the index in uncharted territory. Huge potential unlocking may be seen in some pharma stock prices.
NEULAND LABORITIE/ BULLISH ENGULF/ READY FOR BREAKOUT1. Long signal on Neuland Labs
2. Bullish Engulf
3. Ready to fly to 2840
4. For educational purposes only
[Positional/swing] Divislab Long....Good structure in divislab
Uptrend with increasing volumes
now consolidating with low volumes
So buy 50% above 3855
add more if close above3900
for 6% immediate target approx. 4130
weak below 3650
Fundamentals also looking good
Market Cap--₹ 100,340 Cr.
ROCE--24.4 %
ROE--18.6 %
Promoter + institutional holdings More than 89%
Debt Free
its time to wake up for ALKEMNIND PURI HOGAYI ISKI....AGLE HAFTE KABHI KABHI UTHKE BHAG SAKTA HAI...FOR TARGET 3200 TILL MAY SERIES
