LUPIN broke Ascending TriangleHolds strong support at 1030-1033; resistance at 1056+
(Strong support/resistance holds at 50%-68% retracement of any impulsive move with a breakout)
PHARMA
breakout on the upside towards April 2015 high of 14000Pharma sector is on the verge of a breakout and could see it easily surpass the highs made in 2015 and beyond.
This sector is clearly in a bullish trend irrespective of what the market does.
Pharma Rally | AUROPHARMAPharma stocks have been corrected from their highs.
Auropharma has given a breakout from the trend line with high volume.
Macd is also giving a signal for reversal.
Buy @ 821-825
Target I - 887
Target II - 961
Ajanta Pharma - Positional Buy till ATHM had a tremendous move till 2016. Went into a downtrend therefrom till 2019. Trendline broken. Bullish bias restored
W has a Rounding Bottom and three HH and HL. Can be bought as per levels mentioned in chart.
CiplaMade double bottom, tested support and gave good bounce and now expecting a breakout.
Buy above 731.5 (Intraday).
Please do your analysis. Before trading..
Cadila HealthCare will see some correctionAs we have seen some pressure in both the major indices we noiced that Cadila was earlier facing resistance and now again after testing its resistance zone yesterday it reversed from its selling zones. so we can see some more selling pressure in this scrip..
#INDIAMART #BANKNIFTY #NIFTY #TRADING #BANK #FINANCIAL #INVEST#INDIAMART #INTERMESH
Indiamart Intermesh Ltd.
CMP: 3060.20
Target: 3440
SL: 2850
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STARSTAR:- investment idea
breakout 650₹ for target 1000++ with sl 500₹ mclbs.
fundamental also good.
#Disclaimer:-I just shared view for only educational purpose.
Lupin-Very strong buying zone Enter at 857, do wait for the levels or keep adding stock in small small quantity.
Reason-
-Strong demand zone at daily time frame
-Weekly EMA 20 support
-Monthly EMA 20 support
Buying opportunity in ALPA LAbIts a good penny stock for long term investment as well.
Shor term targets and support levels marked on the chart.
glenmark pharmaglenmark pharma:- cmp 489₹ & breakout above 495₹
rounding bottom pattern made i think.. lets see view negative below 440₹ clbs
#METROPOLIS #BANKNIFTY #NIFTY #TRADING #INVEST #HEALTH #WEALTH#METROPOLIS #HEALTHCARE
Metropolis Healthcare Ltd.
CMP: 1789.55
Target: 2000
SL: 1630
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AUROBINDO INTRADAY SWING TRADING PLANAll trading levels are marked on chart. Once levels are broken wait for its sustainability on HTF (15-30 mins) or retest.
DR REDDY LAB INTRADAY SWING TRADING PLANAll levels are marked on the chart for trading in intraday and swing. If stays within the previous day candle, No trades to be initiated. Once levels broken wait for its sustainability on higher TF like 15-30 mins.
Cipla - breakout can happen anytime - Watch Pharma SectorThe sector (pharma sector) as a whole is in a consolidation. A breakout can give a huge up/down trend.
Look into other pharma stocks to verify statements.
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
Thank you
Have a Nice day!!
Jyoti Labs buy trend continuation on 60 min chartJyothy Labs is in a strong uptrend and is continuing its move. Recently it has tested its previous resistance which is now working as a support and now given the breakout of a down trendline so we can ride this trend with strick stoploss.
SUNPHARMA - THE WHOLE PHARMA SECTOR UNDER RADARLOOK OUT FOR A BREAKOUT IN SUNPHARMA AS WELL AS DR REDDY AS THEY ARE NR7 CANDIDATE. THEY HAVE BEEN CONSOLIDATING FOR THE PAST 3 DAYS.
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
Thank you
Have a Nice day!!
GLENMARK PHARMA LONGThe price has formed a rounding bottom pattern on the 15 min chart, giving me a very bullish indication for the next week.
Buy @ 450
SL @ 435
T1 @ 483
T2 @ 495
Nifty Outlook for Thursday, 13th August | 50x InvestmentsNifty - Technical Analysis:
Nifty had a gap-down opening today but tried to fill the gap through the course of the day. The intraday trend was bullish.
Nifty once again took support around the 11240 levels but there is no clear momentum direction yet as indicated by the ADX indicating a week 14.61.
Market - Driving Factors:
Travel and Tourism stocks ended up today after Russia announced progress on a COVID vaccine. IndiGo ended over 10%, Spice Jet over 6%, Indian Hotels 4.61% and EI Hotels almost 2% higher.
Nifty PSU Bank index and Nifty Media index were the biggest gainers today and ended 2.7% and 2.37% in the green respectively. Nifty Pharma was the biggest loser today, ending 1.55% in the red.
Gold continued to slip and has now fallen around 7% in the last 5 days.
Nifty - Outlook for Thursday, 13th August:
There is no clear direction as to where Nifty might head in the short term. More details from Russia and WHO regarding the vaccine might give a direction to markets.
The fall in precious metal prices is an indication that an influx into equity might be occurring soon. This is a positive sign for markets. This coupled with the fact that the USD is expected to weaken puts India in a good position to receive FII investments.
CADILAHC - intraday - 11-08-2020Buy above 407
Target - 410 - 415
SL - 402
*Strong resistance near 410-11 keep close watch near this price zone if open gap-up avoid trade for first 5 min
Disclaimer:
All charts are purely for educational and information purpose only.
Invest or Trade with the help of your financial advisor or on your own risk.
