CIPLA is ready for a giant leap.After three years of consolidation Cipla has broken out of a cup and handle pattern. Sustaining the previous breakout it has also broken out of flag pattern on daily chart. My view is Cipla can be bought at CMP with a SL of 637 (daily closing basis) for a short term target of 720 . Long-Term targets are 800/840. Risk to Reward of 1:6
PHARMA
Auropharma might just be 2x from here within a year. #PharmaWith Pharma Index already broken out from trendline. I found Auropharma fundamentally the best company in the sector. Technicals are also good and if breakout of inverse H&S happen immediate target would be 710, short-term target 880 and 1200 would e target for 1 year.
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.
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.
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. :-)