Pharmaceuticals
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
Piramal: Beautiful Candles in volume and price Hello Traders,
PEL I traded today and again will enter tomorrow.
The price entry remains CMP: 2782 or wherever I can catch it after 9:20. In case of downward move the 9/21 EMA rejection on 75 minute chart will be my entry point around 2730.
SL: 2503
Target: 3120-3200
No complex logic. Prie action and volume momentum
Happy Trading!
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
LUPIN might show good bull trend LUPIN after falling so much from the top was consolidating near trendline support. And at some point, it also closed below trendline and now it again came above the trendline. So it might show good bullish movement. So it can be good candidate for a swing trade.
Comment down thoughts below.
Pharms Sector :Nifty pharma : bullish momentum divergenceA hammer on weekly and bullish momentum divergence on daily already work in progress could indicate the previous bearish divergence moves is probably arrested at support zone and is likely to move up.stocks could be picked once momentum reaches above bull zones.
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
SUNPHARMA ready for breakoutBasic observation:
a. Between 2020 and now Sun Pharma has grown 131%. The last time it showed such considerable growth was between 2013 and 2014 where it grew by 166%.
b. Post having a falling trendline for 59 months (-74.15%) it has been within a rising channel for over 16 months (108%).
c. RSI and KST currently showing positive signs
d. Prices have been consolidating for for 56 days.
e. The price has currently surpassed the 46 days resistance
f. In daily time frame, 10 and 20 DMA have cut above 50 DMA and positive movement has begun. DMA's in order when used in Monthly and Weekly time frame too.
g. Currently Trading at 703.40
Entry @ 703.80
Target @709.45
Stoploss @ 701.94 (-1.86)
Risk to Reward Ratio @ 3.03
Sun Pharma ready to breakoutBasic observation:
a. Between 2020 and now Sun Pharma has grown 131%. The last time it showed such considerable growth was between 2013 and 2014 where it grew by 166%.
b. Post having a falling trendline for 59 months (-74.15%) it has been within a rising channel for over 16 months (108%).
c. RSI and KST currently showing positive signs
d. Prices have been consolidating for for 56 days.
e. The price has currently surpassed the 46 days resistance
f. In daily time frame, 10 and 20 DMA have cut above 50 DMA and positive movement has begun. DMA's in order when used in Monthly and Weekly time frame too.
g. Currently Trading at 703.40
Entry @ 703.80
Target @709.45
Stoploss @ 701.94 (-1.86)
Risk to Reward Ratio @ 3.03
Sun Pharma Consolidating in a Tight RangeSun Pharma has been consolidating in a tight range , on the daily chart. It may give a possible breakout of this range in the short term. Even on a shorter timeframe - hourly chart , stock has retested the resistance/the supply zone multiple times . The supply zone from 677- 680 has been tested by the stock multiple times. Any resistance/support zone when tested by a price , multiple times, it becomes weak and the stock breaks out of the same zone in most of such scenarios.
CADILAHC - 9% Risk trade \\ Returns can be huge CONSOLIDATION ABOVE THE MONTHLY RESISTANCE AND A BO AT D CHART = GOLD MINE :) IT'S A GOOD STOCK WITH A GOOD BO AT D CHARTS
IF 9% RISK seems more than don't trade or trade less qty as per your risk-reward. TARGETS: 18% and then so on :)
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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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Cadila Healthcare Getting Ready for Cup and Handle Pattern*This is not a recommendation, this is just an idea.
Stock Name - Cadila Healthcare
Sector - Pharma
Fundamentals - Very Strong
Technical Analysis - Very Bullish Stock
Pattern Formed - Cup and Handle Pattern
Target - 730 ( If it crosses levels of 680)
Stop Loss - 660, 650
** Rock The Stock **
Kopran – Flag and Pole on Weekly ChartStock has history of moving in Flag and Pole Pattern.
Pole and Flag has been created on weekly Chart, base of pole 101.3 and high of pole is 234, difference 133.
Flag breakout area is around 195. ENTRY ABOVE: 195
So Target should be 195+133 i.e 328
Stop Loss: 168.8 (Weekly Close).
Will Update Trailing Stop loss whenever required.
Duration: 1-2 Years
People who have entered at lower level as per my previous post can wait for breakout and keep trailing.
Fundamentally 300 looks Fair Valuation since co has posted good Sales and profit figure this quarter.
Stock can fetch higher Valuation if there figure keeps on improving.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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