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PHARMA

Divis Lab: At support and trading strategyChart setup The stock has previously taken support at 3450 odd levels in late May - June 2022 / Aug 2022 / Oct 2022 - it broke down below that in November and the same level acted as resistance in for a month and a half - now again trading above the crucial levels - blue trendline support comes at 3330 odd levels on 25 Jan 2023 ___________________________________________________________________________________________________ My Trading strategy Given the set up going with a Put short Sell 3400 put option currently around 92-95 ____________________________________________________________________________________________________ Gain potential and understanding risk profile The strategy has a max profit potential of Rs 13800 per lot and (ROI potential of 15.5% approximately) The strategy has inbuilt loss protection for a fall up to 3308 till Jan expiry. ____________________________________________________________________________________________________ My Risk Management levels On the downside I would be watching out for 3405-3388 odd levels. It give enough time and scope to adjust / exit in case view gets invalidated. Take care & safe trading...!!! Hope the analysis and explanation of trading strategy helps you plan and manage your trade. Do let me know if you find the analysis and insights helpful. To trade with me, Do Like and Follow for getting more trading ideas like these...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:DIVISLABLong
by indiamarketoutlook
Laurus Lab: Technical Analysis, levels and planning your trade Laurus lab In my previous take on the stock when it was trading at 463, a long position in cash market was suggested between 436-463 from a long term perspective and with a warning that below 435 it might fall down to 340-370 odd levels and that one needs to have a plan for the same. Accordingly I had I haven't changed the chart but using the same one now... You can see how Technical Analysis has helped us identify levels well before hand... Once 435 was taken out, the stock has taken support exactly at major support level highlighted in November itself. Technical Analysis is not about being right or wrong (you are bound to be wrong some or the other time) Rather use Technical Analysis to - identify your levels beforehand, - plan your trade, - understand your risk and - manage your trade Trust the analysis helps you plan your trade. Like and Follow for more trading ideas. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:LAURUSLABSLong
by indiamarketoutlook
Long term trendline breakout with high volume candle.Granules India Limited has made longterm line breakout in daily timeframe. Nifty Pharma is also in upward momentum and this will support Granules India in up trend. RSI is also crossing 60 level and bollinger bands are expanding. Bollinger band are standard deviation of average price of stock and expanding Bands show there are chances of big move in stock. On 30-09-2022, there is huge buying on this stock which indicated that big buyer has shown interest. Stock has target which are shown in above charts based upon immediate resistance. Traders are requested to do their own analysis before taking any trade. This Idea is an educative initiative for new comers in markets. Please Like,share and comment for more updates.
NSE:GRANULESLong
by Darshan_Panchal
6
What we see by analyzing the pharma index with 2 theories.Hey.. What do we get if we analyse one chart with two different theories ? Is it a good idea ? We use different techniques and methods to analyse a chart. Some traders use chart patterns, some use moving averages and others use any other technique. We all did the analysis to determine the trend of that instrument. What if we use two different theories for the analysis ? It will give us a more accurate view for that instrument. Lets check the analysis Nifty Pharma Index Daily Chart by 2 different theories of Chart Patterns and Exponential Moving Averages. Chart Pattern A symmetrical triangle pattern appears on the chart. And today we see the Breakdown of the pattern. The breakdown of the pattern shows the weakness of the index. Exponential Moving Averages For this we use four exponential moving averages of 20, 50, 100 and 200 periods. We start from the 20th of Jun 2022 when the price is below the all exponential moving averages. From that day the price started its upward move and it crosses all ema's one by one and finally it reached at 200ema on 5th of Aug 2022. During the period of 3 months the all 4 ema's come close to each other. But the price has failed to cross the 200 ema and it starts its downward move. From 22nd of Aug 2022 the price tested its 20 ema and 50 ema but has failed to hold them. Finally on the 16th of Sep 2022 the price closed with a big red candle. The price traded below to all 4 ema's shows the weakness and start of a downtrend. Conclusion: From both theories we see the weakness in the pharma index. So, the stocks of the sector show the bearish move in the coming days. This explanation is for educational purposes. My only intention is to share my style and techniques of analysis. Thanks
NSE:CNXPHARMAShort
by ssvirdi
2