A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
A more potent signal occurs with a...
Key Levels for GLENMARK are : t.me - JOIN TELEGRAM CHANNEL
First Target~ 306
Lower Breakout~ 297
Please trade with caution and consult your financial adviser before trading. You can also join our...
Pharma counters have been under the scanner and this counter after its strong upward run since August 2019 to challenge its former highs formed in March 2019 around 1770 before it succumbed to the selling pressure that emerged at those zones. The sharp decline from these levels are now attracting steady selling interest that has dragged the prices lower. With...
Key Levels for STOCK are : t.me - JOIN TELEGRAM CHANNEL
Please trade with caution and consult your financial adviser before trading. You can also...
Weekly is at a minor resistance level and recent uptrend seems to be losing strength looking at the candles.
Today, price broke daily TL with a small gap down. Time to go positionally short with SL of 491 and target of 429.
Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.
The stock had entered into the zone from which it had rebounded in the past.
If you search the news on 15th Feb 2019...the entire world was pessimistic about the Dr Reddys's.
The FDA was raising issue on the one of the most important manufacturing plants...
Key Levels for CIPLA are : t.me - JOIN TELEGRAM CHANNEL
Please trade with caution and consult your financial adviser before trading. You can also join our TELEGRAM channel from the below mentioned...
Key Levels for GRASIM are
Please trade with caution and consult your financial adviser before trading. You can also join our TELEGRAM channel from the below mentioned link, t.me
GLENMARK Pharmaceuticals is having UPPER Breakout level placed at 430.20 followed by INTERIM RESISTANCE placed at 438 followed by FINAL RESISTANCE ZONE placed at 447<>449, On the Lower Band, LOWER Breakout level is placed at 422 followed by INTERIM SUPPORT placed at 418.35 followed by FINAL SUPPORT placed at 414. Quarterly Results will give a more profound view on...
With no major announcements on the cards in near future, this is a pure technical play with no event driven price action. Accumulation has been going on in Cipla for a long time now, and finally today it showed strength even as the price pushed upward of ₹550 and soon the intraday action was captured by HFT players which is why the ₹3 down...