PHARMA
Swing Trading Opportunities for W/B 4-10-21TRADING WATCHLIST FOR W/B 4-10-21
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan.
ON MY WATCHLIST FOR W/B 4-10-21 --
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
WEEKLY TIME FRAME- FOR LONG POSITIONS
AXIS BANK
BANDHAN BANK
HDFC BANK
BPCL
BRITANNIA
DIVIS LABS
TATA CONSUMER
TATA STEEL
ULTRA TECH
BOSCH
AMARJA BATTERIES
ATUL AUTO
CGCL
DALBHARAT
GLENMARK
HIND PETRO
KANSAI NEROLAC
LUPIN
ORIENT HOTELS
RAYMOND
TRF
TWL
VOLTAMP
SECTORS LOOKING GOOD FOR LONG POSITIONS-
PHARMA
BANK NIFTY
MEDIA
METALS
PRIVATE BANKS
PSU BANKS
Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the setup and the trade basis, please do share so that together we can learn.
Thank you for your time and Happy Learning,
Umesh
3-10--21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
SUN PHARMASun pharma has given breakout with good intensity of volume, and recently pulled back in wave 2, now wave 3 circle is going on and within that, wave I and II are completed recently and wave III has started, all the key levels are mentioned on chart, one can go long at current levels or in dips ( if any ) with stoploss of 750 for targets of 900 - 925 levels.
breakout with good intensity of volume
wave structure could be like this
macd in weekly positive crossover above zero line and uptick
macd in daily positive crossover above zero line
rsi in weekly bullish and uptick above 70
rsi in daily bullish and uptick above 60
dmi adx bullish ungali setup
upper bollinger band challenged
stochastic oscillator in daily is also positive and uptick
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
High probablility setupLOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
CADILAHC BUY AND HOLDCADILAHC HEALTHCARE SEEMS VERY BULLISH FROM HERE.
1) Near multi-year support of June 2017.
2) Good risk-reward ratio.
3) Support Re-testing.
4) BUY from current levels with Sl 550 on a closing basis.
5) Positional view for the first target of 600 if crossing above this levels........ hold for 660/700 levels.
6) RSI divergence on the daily chart.
7) CUP pattern breakout.
8) KEEP WATCHING volume needs to confirm the trend too for good move.
CAN BE TRADABLE IN EQUITY OR FUTURES.
SHARE YOUR THOUGHTS ON CHARTS.
LUPIN SHORT IDEACIPLA Results weak.
But the commentary states that usually Q4 is not a strong one, Additionally CIPLA has received few approvals towards the fag end of the quarter.
Managemet commentary something that can make investors interested for the time being.
We are looking for SL-608.
If we see weak candles around the middle line, will Opt for more addition towards short side.
Aarti Drugs || Chart analysis✅Aarti Drugs || Chart analysis✅
Can see-
✅Ascending triangle
✅Descending triangle
✅Symmetric triangle
✅Parallel uptrend channel
✅downtrend channel
👉This is not a buy recommendation.
👉The stock is in a major suppport,and maybe can see a reversal from current level.
👉Postive Q1 published.
Study well🙏expecting good growth.
ABOUT THE COMPANY ✅
Established in the year 1984 and a part of $1000 million Aarti Group of Industries, Aarti Drugs Ltd. (ADL) is engaged into manufacturing and selling Active Pharmaceutical Ingredients (API's), Pharma Intermediates, Specialty Chemicals as well as Formulations.
It is exporting its API's and Speciality chemicals to over 100 countries across the globe.
Thank You.💚
Like🔹Comment🔹Support
DIVISLAB making head and shoulderDIVIS LAB is making a very good head and shoulder pattern which is right at the support. The resistance was broken earlier now turned into support.
So some bullishness will result in a good trade. So watch out for this one.
COMMENT down below your views on the analysis.