Alembic pharma is one which i would choose in my portfolio to be, why? The reasons i have mentioned in green label and only being one down side the promoters holding the financials are really pleasing
profits turns out to be good,
similar if we see other companies in comparison (i.e- Torrent pharma) the current trading price is really undervalued.
As for trading...
IT MAY FACE 1070 LEVEL AS RESISTANCE RESPECTIVELY.
(THAT IS 78.6 FIBO LEVEL)
POSSIBLE TARGETS ABOVE 107O:
1) - 1125
2) - 1290
NOTE: This Analysis Based On 1 Week Time frame,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Since last 2-3 month trading sessions its creating descending trendline pattern. Stochastic RSI showing strong bullish crossover near the resistance line. So, Expected It will break out of downward trend in coming trading session. Once breakout and it's trading above 990 then it will go to 1085 to 1120 target soon.
Buy LUPIN Above 990
Nifty Pharma Made Tweezer Top On Weekly Chart On 21st Sep. Now It Is Trying To Break The High Of 14th Sep. A Single Day Close Above 12550 & All The Pharma Stocks Will Sky Rocket. We'll See New All Time High In Pharma Index.
Cipla, Drreddy, Cadila, Glenmark Are My Top Picks & In My Folio.
GLENMARK PHARMA GOOD TO BUY AT THIS LEVEL...
CMP : 503.25
TGT : IF STOCK CROSSES THE LEVEL 509.25 THAN GO FOR THE NEXT TARGET 550++
COMPANY HAS REDUCED DEBT..
FOR MORE CONTACT...
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After being in the Downward Channel for some time, SUNPHARMA gave a good volume breakout. After giving a breakout on the 1 hr time frame, it formed an inverse head and shoulders pattern. And today, i.e 17th November, it broke its neckline. Due to these factors, I am long on this stock. I have also given a target which I think would be met in this week. This stock...
Charts speaks everything
i have provided the next possible move & the past of the chart as well
Guys check out the related ideas as well, they worked really well !
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Balkrishna Industries & Cipla in my long term holding list.
For Positional Traders Cipla Buy At Cmp 770 Strict SL - 670 (Day Closing Basis) Target - 1050/1100/1150
And in posted chart this is short term swing trade - Buy cipla at cmp 770 with SL of 729 Target - 840/855/870