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PHARMA

"Dr Reddy " Bullish View Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria. Haribol ! The stock had entered into the zone from which it had rebounded in the past. If you search the news on 15th Feb 2019...the entire world was pessimistic about the Dr Reddys's. The FDA was raising issue on the one of the most important manufacturing plants of the company. The stock fell 30% and Recovered 26% ....All on the same day ?... who would be buying ..The entire world was wondering. The Price came near the same zone twice and bounced back almost immediately. Now it has broken a strong downward shaping trend line confirming what was obvious. I am forecasting that the price should reach near 2875 in the next few weeks. With the innovative business model and low cost drug market expanding worlwide..Dr Reddys is set for the moon. Good Luck Happy Investing
NSE:DRREDDYLong
by VahniTrading
Double Bottom Reversal The stock has nicely formed the double bottom reversal pattern so one can expect that the long term downtrend has been reversed for time being. It has retested the neckline yesterday and bounced from that level. One can buy the stock now with the SL of low of today and continue with the trade for the target of 472. It offers a good Risk to Reward ratio of 3.50. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NSE:SUNPHARMALong
by praveen.bhatiya
2
Victor Sperandeo 2B Reversal Pattern RSI Diverg Small Risk TradeThe stock is in deep downtrend but has made a Victor Sperandeo 2B Reversal Pattern with RSI Divergence therefore it looks good for trading/investment. Traders can enter a long at current level with SL of recent low which is quite affordable. One can easily fetch 2.5 - 3 times reward of the risk being taken into this trade. I know that following the trend is better but sometimes taking small calculated risk for reversal also rewards well. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
CLong
by praveen.bhatiya
WOCKPHARMA - Dil Mange More.....Entry should be above 450 if sustains Rest mentioned on the chart. "Idea by MALKIAT SINGH" Recently,We launched TruStox Community , A community driven platform for Traders with almost all features that a trader needs. Here are some of them:- Regular Study Conferences Collective Fundamental Research Access to Tools from Trader's Toolkit & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NSE:WOCKPHARMALong
by TruStox
Confused about where to invest at this stage of the cycle?Monthly chart CNXPHARMA Price action: Blue arrows show higher top and bottom Line studies: Price moving out of red downtrending channel Averages: Support at 200 period EMA in June 2018 and Feb 2019 RSI: Bullish divergence + trending up NSE:CNXPHARMA Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding period 10 yrs) By Animesh Vashisht, CFTe (Disclosure: I hold personal investments in the sector.This is just an opinion not advice.Consult your financial advisor beforemaking investment decisions)
NSE:CNXPHARMALong
by Vashisht_CFTe