Cipla has managed to close above a short term resistance and a long term resistance in the last 5 trading sessions. This is indicating a heavily bullish sign on Cipla. Cipla will close above 1000 in the next few trading session if the trend continues.
Cadila Healthcare is bullish if it manages to hold 507. It has gained good momentum has also managed to close above the previous resistance levels. It is sell below 500
hikal again at top channel last 2 time its fall whenever it touches top of channel and making lower lows so its interesting to see this time if it breaks it or fall.. on positive side volume is picking up and rsi also in favour .. for uptrend it should break 185 level weekly or monthly and sustain it otherwise we can see major downtrend.. my views is on bullish...
Sl and Targets are mentioned on the charts. Sector is in flavor. Glenmark's charts looks good for a mid-term Trade...with volume confirmation. Keep Qty medium, SL on WCB. Buy and hold. Disclaimer: I am not SEBI CERTIFIED yet, I just share my views on possible setups and I usually also trade the setups I share here. Last Trade Idea shared on TRADINGVIEW, ...
Glenmark has broken out of the channel as expected. If it sustains above 541, there may be a sharp up move to 570-600 levels.
Stock has taken rejection from the resistance zone for third time this year. Good to short if stays below trendline. Sell below 3675 for a target of 3600 and 3561 Consider to buy only and only if sustains above 3915 for target of 3950, 3975
#CHANNEL BREAKOUT #HEALTHCARE TECH SECTOR # BEST STOCK FOR LONG TERM INVESTMENT
After the fall Biocon has is consolidating a price range, rejecting near 407. So breaking that range will bring buying interest. So buy when it breaks 410 with SL of 400 spot. It can trigger sell also if the lower levels break but it is near support area so I won't be taking sell trade.
Drreddy broken resistance.MA 50 and ema 20 crossover happened after very long time in daily time frame.Buy with sl 4200.one more strong resistance at 4825.if breaks the we have a clear route for 5000. targets are 4850,5100,5250. good luck all.
BO of Gland pharma and now retest level Target 3000-3500 IPO stock BO given
BOLLINGER BAND BREAKOUT , RSI ABOBE 60 BULLISH VIEW
Stock Of The Month - Glenmark Buy On Monday Closing Price - 529.65 Strict SL - 435 (Weekly Closing Basis) Target - 700/900
Buy after breakout with volume confirmation for a target of 65+ in short term. Felling wedge breakout soon.
Nifty pharma index is ready to test it earlier high of 13396 , with the rising covid cases and with new scarcity of hospital beds...pharma co's are bound to do well and chart is also supporting the logic. Its coming out of its earlier resistance level and ready to test and cross its earlier high.
Stock has been bullish in last 3-4 sessions. There are 2 possible scenarios mentioned in chart, you can trade accordingly depending on if stock breaks the upper TL immediately or breaks it in next few days after bouncing from lower TL. Keep in radar for April !!
The Pharma sector has been performing with great strength , CNXPHARMA moving 1.76% in the day showing great strength in the market , and if the global ques are looking good too then auropharma can be a good stock to watch for tomorrow as it can be watched above the level of 898.70 for a breakout opportunity and below 863.10 for a breakdown opportunity .