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PHARMA

WANBURY LTD: 17-Year Resistance Shattered! Is This Pharma Stock WANBURY LTD: Breaking Resistance Like It's Going Out of Style! Technical Analysis: Breakout: Hold onto your hats, folks! Wanbury just smashed through a 17-year resistance level like a bull in a china shop... if the china shop had been reinforced for 17 years! Trend: The stock is in a strong uptrend, climbing faster than a squirrel on an espresso-coated tree. Volume: Huge volume activity observed. Traders are piling in like it's Black Friday at a discount pharmacy! Candle Pattern: That breakout candle is so bullish, it's practically wearing horns and pawing the ground. Support Levels: Previous resistance at 173.68 now likely to act as support. It's like the floor just became the ceiling, and Wanbury is redecorating the whole house! Fundamental Factors: Pharmaceutical sector seeing increased interest. Wanbury's producing more buzz than a beehive in a coffee shop. Potential new product launches or regulatory approvals could be fueling the rally. Risks: After such a strong move, a pullback is possible. Even rockets need to refuel sometimes! Keep an eye on broader market sentiment and sector-specific news. Trade Idea: Consider long positions with a stop loss below the breakout level. Target the psychological 200 level - it's time for Wanbury to join the 200 club! Remember, traders, timing is everything. You don't want to be fashionably late to this 17-year breakout party! Key Levels to Watch: Resistance turned support: 173.68 Next psychological resistance: 200.00 Stop loss consideration: Below 170.00 Disclaimer: This analysis is for educational purposes only. Always do your own research and manage your risk. Remember, the stock market is like a rollercoaster - thrilling, but it helps to have a strong stomach and know when to exit!
NSE:WANBURYLong
by TRADING-NASA
Bullish Head and Shoulders Pattern in Lal Path lab.The head and shoulders pattern is a popular technical analysis pattern that typically indicates a reversal of a bullish trend. Here's how it typically appears: - **Head and Shoulders Pattern**: - **Shoulders**: There are two peaks (shoulders) nearly equal in height with a higher peak (head) between them. - **Neckline**: A trendline drawn connecting the lows of the troughs between the peaks (shoulders). - **Volume**: Generally, volume tends to decrease as the pattern develops, with a noticeable increase at the breakout point. - **RSI**: RSI (Relative Strength Index) often shows a divergence where the second shoulder forms, indicating weakening bullish momentum. Description: - **Monthly Chart**: The pattern spans over a longer time frame, suggesting a significant potential reversal. - **Good Volumes**: Volume confirms the pattern's validity, ideally showing higher volume at the formation of the head and the breakout. - **RSI Above 58 and Rising**: RSI being above 58 and rising suggests increasing bullish momentum, supporting the potential reversal indicated by the pattern. - **Above Key EMA Levels**: Trading above key Exponential Moving Average (EMA) levels further reinforces bullish sentiment. This combination of factors indicates a potentially strong head and shoulders pattern on the monthly chart of Lal Path Labs, suggesting a reversal from a bullish trend to a bearish one. Traders often look for confirmation through a decisive break below the neckline to validate this pattern. Always consider other technical and fundamental factors before making trading decisions.
NSE:LALPATHLABLong
by Rockstar9831
Bullish Head and Shoulders Pattern in Lal Path Lab.The head and shoulders pattern is a popular technical analysis pattern that typically indicates a reversal of a bullish trend. Here's how it typically appears: - **Head and Shoulders Pattern**: - **Shoulders**: There are two peaks (shoulders) nearly equal in height with a higher peak (head) between them. - **Neckline**: A trendline drawn connecting the lows of the troughs between the peaks (shoulders). - **Volume**: Generally, volume tends to decrease as the pattern develops, with a noticeable increase at the breakout point. - **RSI**: RSI (Relative Strength Index) often shows a divergence where the second shoulder forms, indicating weakening bullish momentum. Description: - **Monthly Chart**: The pattern spans over a longer time frame, suggesting a significant potential reversal. - **Good Volumes**: Volume confirms the pattern's validity, ideally showing higher volume at the formation of the head and the breakout. - **RSI Above 58 and Rising**: RSI being above 58 and rising suggests increasing bullish momentum, supporting the potential reversal indicated by the pattern. - **Above Key EMA Levels**: Trading above key Exponential Moving Average (EMA) levels further reinforces bullish sentiment. This combination of factors indicates a potentially strong head and shoulders pattern on the monthly chart of Lal Path Labs, suggesting a reversal from a bullish trend to a bearish one. Traders often look for confirmation through a decisive break below the neckline to validate this pattern. Always consider other technical and fundamental factors before making trading decisions.
NSE:LALPATHLABLong
by Rockstar9831
PHARMA SECTOR - Time to rally?Price Analysis & Overview: 1. Good consolidation and BO candle formation. 2. Grabbed liquidity of sellers. 3. Need prices to sustain at the higher levels for further confirmation of momentum. MONTHLY TF VIEW: - Breakout after 3 Indecision (doji) candles breakout on monthly. - 20%+ minimum momentum will be expected. - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:CNXPHARMALong
by SuperNova396
Strides Pharma, Star setup about to breakoutOne Simple Horizontal Line Setup -Posted great growth results, everything is improving. -Pharma sector seems strong as it is also near breakout zone. -That red wick on election results day seems so good, fell with market but cop up fast and took support at 200 ema n come back in good zone again and, Good shakeout of 100 ema too. -Yesterday gave squat too (went above horizontal line and close below, taking out weak players) Overall good setup and a strong stock, buying above previous day high (pdh) Note: no buy/sell recommendations at all.
NSE:STARLong
by takmanish007
Abbott India: 28% Upside in few weeks (Read below)1. Abbott India has posted strong Q4 numbers signalling a good quarter for Pharma sector overall 2. The Nifty Pharma Index has shown a bounce back from 18400 levels today with potential to rally to 19200 or beyond to 20000 if other companies post strong results too in the coming days 3. Nifty 50 bounced back from 22000 levels too today 4. If both Nifty and Pharma Sector continues the rally, then Abbott is sure to achieve its target in coming days (rather quickly) Technicals: 1. Abbott has created a rounding bottom pattern with neckline at 28500 and base at 25500. The target comes at 33500 based on the pattern. This gives an upside of about 28% from current price 2. The price have been rejected multiple times by the blue trendline. Watch for a clear break above this trendline (around 26400 levels). A strong close above this line will indicate a bullish move going forward 3. The price is above the 200D SMA (purple line) but below the 50D SMA (orange line) 4. Currently the price has broken above the 20D SMA although got rejected by the upper Bollinger band (green line and blue bands) during intraday hours Strategy: 1. Look for a clear closing above the trendline with strong volumes in next trading sessions 2. Look for rally in both Nifty and Pharma sector 3. If all parameters match, take entry around 26400-26500 levels with stop loss around 25350
NSE:ABBOTINDIALong
by tej_s9
Biocon-An underperforming pharma stockBiocon is among few stocks which did not participate in Pharma bull run. However stock has recently given a big volume bounce from its demand zone. 295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA. 1st breakouts are normally traps so use pyramiding to save your capital. If stock posts good results , we might see good move in stock. Keep your eyes stuck on this if you like support bounce trades.
NSE:BIOCONLong
by chartistamey
Dr Reddy-A large cap investment multibagger!Dr Reddy has given a huge weekly breakout from Inverted head and shoulders pattern. This stock is a blind buy for investment considering the pharma rally expected for next few years. Add on dips is the best way to accumulate such investment stock. The company has one of the best fundamentals as of date. Stock is available at PE of 20 and PEG of 0.52. the return ratios are above 20%. This stock has to be part of your portfolio if you prefer investing in large cap stocks. I had seen such pattern in Tata motors when the stock was trading around 440 few months back and now stock has almost doubled from that price. We can expect similar move in this stock but at a slower rate.
NSE:DRREDDYLong
by chartistamey