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PHARMA

AUROBINDO PHARMA LONGThe stock has recovered sharply and has found support at the pre-virus high point. It has also been in consolidation for the past few days, and may continue on it's upward trend this week. Keep an eye on the stock. The support level is at 610-615 zone. Expecting a breakout above 650 this week. Pharma sector has been a strong performer in this crash and will continue to do so with the extension of the lockdown in India. Any comments or suggestions about ideas are more than welcome. :)
NSE:AUROPHARMALong
by ArcherDAVIS
Buy Astec on pullback. Pilot position at 532I took a pilot position at 532and I will be looking to add at minor corrections Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. it has clocked the highest volume since 2017 and it's pretty close to its all tie high. The volume on up days are higher than the volume on down days. there are more green bars than the red bars. Fundamental: This stock shows excellent sales and profit growth. 5 years of sales growth - 15.8% 5 years of profit growth - 31.38% Margins have been sliding for the past 4-5 years however if they work on it, the profits can scale up. Debt is down by 43% since last year, its a good sign. TTM earnings up 41%
NSE:ASTECLong
by InfinityCapital
2
DIVIS LAB SWING ANALYSISDIVIS LAB made a strong close yesterday and has reached its all time high. The trend is bullish and the stock has no further upward resistance which could mean a good long entry for both swing as well as positional ,riding the trend and trailing your stop loss. Trade will be valid only on bullish 75CB and further price action confirmations. Here's the daily chart : Indicators : However, one to keep in mind would be Nifty50's movement. If the index goes up with strong momentum,a long trade in pharma sector has a probability of failing. BSE:DIVISLAB
NSE:DIVISLABLong
by internal_0rgan