On daily time frame, stock is showing really good long setup with a Symmetrical triangle which is indicative of continuation of bullish trend Since , Nifty Pharma is taking on a ride and pharma stocks are hitting through the roof.This will be a good long bet in the bearish Market. Initiate a long trade as soon as it breaks the last high of 2525 with a stop loss...
Can do 4100 and 4200 Sl 3600 weeky closing basis
19th May, keep pharma stocks in your watchlist. Sunpharma, Cipla, Dr. Reddy, etc. Simple rule, wait till 9:30-9:45 , whichever stock breaks intraday high, go long with a tight stop loss. Like and follow for regular updates. I’m not publishing stock specific chart but simple rule will make you money tomorrow. Do comment if anyone of you do.
RISK FREE SHORT IT AROUND 455-461... SL AS PER UR APPETITE...
AARTIDRUGS at 5 years high range Expecting reaching 5 years high and retracing back a bit Levels are mentioned on chart
Support and Resistance lines act as good levels for entry and Exit. In the chart of Vimta labs, two resistance lines are drawn. The way to trade this setup is to either go long after the breach of first resistance line or to wait for the stock to retrace after the second touch of the resistance line. Go long either around 76-77 or after 88 is taken out. Target-...
Can be shorted based on the closing candle
LUPIN SHORT TERM LONG. buy above trend line SL of box shown in chart.
IF INDEX CLOSE BELOW 8450 , RECIPROCAL AB=CD PATTERN WILL BE ACTIVE & IT WILL REACH 7600 . TRADER SHOULD ALSO CARE ABOUT FIBONACCI LEVEL & GANN FAN .
Decline is price with decline in volume Hence,Short Sun pharma Below- 473 SL - 490 T- 450 Time frame 1 to 4 days.
Why: Price Try to break the 600-6100 more times...but pull back to down...better buy above 615 to candle close in lower TF and that candle high break... More Writers on bearish side... My view bearish... Do your own analysis... Short when price come 600-610 leavel...
Play accordingly...pharma sectors...Lots of oi build up in bullish side...pull back trade also happen... Best buy recent high close candle only... Do your own analysis....
Follow the charts...buy above yellow zone is safe...target blue line... Do you analysis....
For last 3 trading days, Glenmark Pharma is not able to move upwards and is moving in the range of 310 to 341, on a daily chart, it has resistance at 330. To short for a target of 272 with a stop loss of 345
23.6% retracement done in Sun Pharma Resistance : 477, 483, 488, 511 Support : 463, 447, 421