PHARMA
Glenmark1) CNX Pharma broke out
2) Breakout in Glenmark from H&S pattern
3) Deal with True North and tie up in Australia and China for its new molecule which are under clinical trial
BIOCON1) CNX Pharma brokeout
2) Biocon also broke bearish trend
3) It showed a contra trend when all pharma stocks were bearish due to launch of biosimilar
SL 681
SunPharma Flag Breakout + Potention Inv H&SSunPharma has given a strong breakout from a flag pattern with high volume.
However buying was to be done after confirmation, being a day late and seeing a doji on daily charts, I'll wait to see the price action for Monday and take a call, either buy on retracement or if setup looks bullish on lower time frame than buy. Upside could be 700+ however +3 SD can pose as a resistance.
DRREDDY Bullish flag formationLooks like it has broken the flag. WE can long if it breaks PDH.
PDH = Previous day's high
DIVISLAB RESULT CALLDIVISLAB RESULT ON AUG 4
4HOUR AND WEEKLY CLEAR TRIPLE TOP.,,,
SELL CMP 1155. SL 1180(CLOSING BASIS)
TARGET 1040.990.928,,
OR
BUY 1200 CE 37 -800 QTY.----
BUY 1100 PE 27 - 1600 QTY.
WAIT TILL AUG 10
SLEEPING BEAUTY !i see the stock has less to loose and more to gain ! thus risk reward is fare enough to carry long!
nifty pharma weekly chart STRUCTURE analysis nifty pharma was weak in the previous month while when market is setting record highs, this sector is silent as of now... as per chart it must be the one who may provide strength to nifty ! in the days to come !
Flag Breakout Trend Reversal Case: The stock was in downtrend through out the bull run of Nifty it made only lower lows. It is trading above the trend line and seems to have reversing the trend. It has made a Flag pattern and closed above its boundary today. One can trade the stock now for a target of around 1000. Those interested in investing for medium/long term can also consider to have it for their portfolio.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Biocon - In the negative zoneShort BIOCON
1. Share recently broke its crucial Fibo Support at 628.
2. Bear Flag Pattern
3. Stochastic Indicator showing reversal from overbought scenario
4. Share also tried to break 23.6% fibo support, however was not able to sustain it.
IPCA for coming days !i would probably like to go long in the counter and still feel that a some sort of strength still left in the script ... keeping in mind that a tough tough resistance at range of 685 - 695 is diificult to break!
sl 637 - 640
tgt 685, 695, 734 +++
News Based Short - TGT-1:2300, TGT-2:2200, SL: 2375TGT-1:2300, TGT-2:2200, SL: 2375
$2 Bn Market Oppurtunity in Danger!
2400: High CE OI
2300: Highest addition in OI
Short Buildup possible in next session
Sunpharma (long)Looks like will take support around 465/468 area. Any dip towards that level can be used to buy with a tgt of 500.
500 is a stiff resistance, close above that can take stock to 550 levels.
Buy around 465-468 levels with SL of 443 (closing basis). Tgt: 500/550 and above.
My PredictiveEngine's Intraday call(05-Jun-18)-Glenmark-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 05-Jun-2018 for Glenmark
Buy Above: 541.4 for targets -
T1: 545.5
T2: 547.9
T3: 550.4
SL: 537.1
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(31-May-18)-FORTIS-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 31-May-2018 for FORTIS
Buy Above: 146 for targets -
T1: 147.1
T2: 147.8
T3: 148.4
SL: 144.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(31-May-18)-AJANTPHARM-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 31-May-2018 for AJANTPHARM
Sell Below: 982.5 for targets -
T1: 975.1
T2: 970.7
T3: 966.1
SL: 990.4
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(28-May-18)-LUPIN-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 28-May-2018 for LUPIN (Intraday Call)
Buy Above: 747.9 for targets -
T1: 753.5
T2: 756.9
T3: 760.4
SL: 741.9
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(25-May-18)-SUNPHARMA-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 25-May-2018 for SUNPHARMA
Buy Above: 464.2 for targets -
T1: 467.7
T2: 469.8
T3: 472
SL: 460.5
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(25-May-18)-DRREDDY-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 25-May-2018 for DRREDDY
Buy Above: 1977.9 for targets -
T1: 1992.7
T2: 2001.6
T3: 2010.9
SL: 1962.1
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Short-Term Buy: NSE:SunPharmaSunPharma has hit its bottom and one can expect a small bounce back. Buy for a target of 510-530 in 5-10 trading sessions with a stop loss at 449.
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(16-May-18)-CIPLA-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 16-May-2018 for CIPLA
Sell Below: 574.4 for targets -
T1: 570.1
T2: 567.5
T3: 564.8
SL: 579
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
