With the strong recovery of the pharma sector, Glenmark is at the pre-virus levels and has been attempting to breakout of the range. The sector has been in consolidation for several days and it may attempt a breakout to slightly higher levels. The pharma sector may not face sell offs in the midst of the pandemic, in my opinion.
Tomorrow , if Cipla open near 622, and if share price is near 633 at 9:30, buy the shares. Keep a Target around Rs650 and you may place Stop loss as you wish. if the trend is downwards in the preopen market, then do not buy the share.
For traders who wish to hold for 2-3 days, hold the share till target of 666.
buy biocon when it comes down to 325 or buy when price is b/w 325-340.
keep a stop loss around 295. holding period is 3 months maximum. target will be 405 rs.
Key Levels for AUROPHARMA:
UPPER BREAKOUT~555
FIRST TARGET~565.90
INTERIM RESISTANCE~576.05
FINAL RESISTANCE~587.45
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LOWER BREAKOUT~534.30
FIRST TARGET~523.45
INTERIM SUPPORT~510.85
FINAL SUPPORT~498.25
Please trade with caution and consult your financial adviser before trading.
Key Levels for AUROPHARMA :
UPPER BREAKOUT~557.25
FIRST TARGET~576.40
INTERIM RESISTANCE~590.20
FINAL RESISTANCE~604.80
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LOWER BREAKOUT~536.10
FIRST TARGET~518.05
INTERIM SUPPORT~496.40
FINAL SUPPORT~480.20
Please trade with caution and consult your financial adviser before trading.
Key Levels for AUROPHARMA :
Upper Breakout~518.80
First Target~534.20
Interim Resistance~550.50
Final Resistance~565.90
**Lower Levels**
Lower Breakout~488.05
First Target~474.60
Interim Support~460
Final Support~441
Please trade with caution and consult your financial adviser before trading.
Key Levels for AUROBINDO PHARMA Search >>> OPTIONSCALLFREE on Telegram for more updates
Upper Breakout~522
First Target~530.60
Interim Resistance~540.90
Final Resistance~551
**Lower Levels**
Lower Breakout~510.90
First Target~504.85
Interim Support~496.30
Final Support~486.80
Please trade with caution and consult your financial adviser before trading.
Metropolis post its results on 6th Feb did meet with some heavy profit booking that dragged the prices lower by 150 points. However, the momentum in this counter continues to remain upbeat. The dip provided a good opportunity to some strong hands to reenter and quickly place the stock back in contention. On the charts we note that the trends post a steady...
Following Nifty ATH, other sectoral indices too are moving up, forming multiple bullish patterns.
Pharma sector which was once darling of investors, is attempting to catch up. Some of you might have experienced, how it makes wild moves. Pharma stocks are among most preferred ones, among FIIs, DIIs and HNIs.
I guess having exposure to the sector is a necessary...
KEY TAKEAWAYS
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
Upper Breakout~303.50
First Target~ 306
Interim Resistance~311.40
Final Resistance~315
**Lower Levels**
Lower Breakout~ 297
First Target~293
Interim Support~289
Final Support~285.30
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
Upper Breakout~441.20
First Target~444.75
Interim Resistance~449.40
Final Resistance~454.45
**Lower Levels**
Lower Breakout~435.30
First Target~431
Interim Support~425.65
Final Support~421.30
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.
Aurobindo Pharma (auropharma) (weekly) bounced from trendline support & trading inside the channel.
It is holding the trendline support. Staying above the line, good for positional.
