#NIFTY50
GLOBAL MARKET : Mild Bullish
Nifty : 1D - Mild Bearish : Strong support at 17600 & Resistance at 17800 . If Nifty breaks, close and cross above 17800 in 1hr candle then look out for 18000.
Sectors To watch: IT, Pharma.
Stocks : #canbk, #sbin, #TechMahindra
Granules India is uptrending stock and recently given breakout in monthly and weekly time phrame.
Still breakout levels are maintained and retesting of same is going on,this is good time to buy and as bears are not able to close price below breakout levels.
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Sunpharma on the weekly time frame has given a nice bullish engulfing candle and a nice 6% return this week.
The market has given a negative return but this stock has remained in green.
There is possibility of another up move in the coming week and the stock may form new 52 week high.
It is following the market movement. It has broken the resistance level of...
Nifty pharma showing some good initiations on weekly charts hope it will turn into a breakout it closed after so long above 100 ema on weekly chart and somehow manage to close partially above falling trendline resistance and also the relative strength index below on charts trending upwards so as of now this is a neutral on view adding in watchlist for adding...
⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕
--Buy Above =796 or CMP
--Target = 950
--Stop-loss = 708
--Expected Profit = 19 %
--Expected Holding = 3 Months only
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Related Analysis -----------------
DISCLAIMER Alert :-
❌ All Post are for Educational Purpose Only.
❌ Analyze your own...
📈 IPCA Lab 📉
IPCA Lab broke out from a downtrending trendline zone after testing three times. Yes it has closed at high of Fab and March too.
So I am biased on long side.
On Buy Side I am looking for initial Targets of 1100, 1139, 1211 and 1318.
StopLoss should be kept at 965.
It offers 1 : 2.5 Risk Reward.
All Important Supports and Resistances are drawn in...
📈 Alembic Pharma 📉
My Findings :-
1. Breakout from a swing high and Resistance Zone.
2. Close above Feb, March high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 806 and 841
SL- 739
RR- 1: 1.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor...
📈 Alkem Lab Ltd. 📉
Today broke out from a Resistance Zone after testing two times and also broke out from a downtrending Trendline Zone on closing basis.
On Buy Side I am looking for Targets of 3750-3800 zone followed by 4000-4050 zone.
StopLoss should be kept in 3375-3425 zone.
It offers 1:4 Risk To Reward.
All Important Supports and Resistances are drawn...
Only for positional.
Pharma has seen an continuous sell off and today made great pull back.
Enter at the given level SL is must.
Enter above 705.50
T1 740-745
SL 680
Happy trading.
Today I have expressed my views on Cadila Healthcare. This stock has been on a downtrend since August 2021. Is it a right time to invest in this stock or should you exit your positions.
Is Cadila a good stock to have in your portfolio?
All your questions shall be answered in this video.
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Note:
The analysis...
Hi everyone, Aarti industries mid term swing trade consider buy above: 1,015 target: 1,130 stoploss: 975
LOGIC BEHIND TRADE: Stock has recently given correction from it`s all time high & bounced from it`s daily support and formed double bottom pattern it`s sign of trend reversal. (Target identified from harmonic xabcd pattern level 0.886) stoploss is taken...
Hello traders, in this week what I can see is that the pharma sector is looking quiet bullish to me and I expect it to give good good results, this might also be a push from the omicron news.
torntpharm has broken it's all time high and has given a strong closing above it and still shows signs of bullishness, it means the entry can be taken at current levels or...
