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Pharmaceuticals

Nifty Pharma - ready to move up after a consolidation.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 for every equity portfolio. Identify a mix of large and quality mid cap stocks and keep adding them at every dip.
NSE:CNXPHARMALong
by ipuneet
SHORT AUROBINDO PHARMA 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 breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
NSE:AUROPHARMAShort
by kartikkhanna0705
DIVISLAB - Profit Booking or Shorting Opportunity ?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 the prices going once again below the median line we can observe a more pronounced sell off that can test 1600 levels in the next few days. The inability of the prices to reclaim the median line on Thursday indicates potential to head lower. With the ADX DMI setup clearly indicating that the bearish bias has set in , we could look at the potential to move lower in the next few days. One can consider selling at current levels or use rallies towards 1680-1685 stop above 1705 target 1600. Idea Sourced From NeoTrader trade.chartadvise.com
NSE:DIVISLABShort
by Raja_Chart_Advise
"Dr Reddy " Bullish View Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria. Haribol ! 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 of the company. The stock fell 30% and Recovered 26% ....All on the same day ?... who would be buying ..The entire world was wondering. The Price came near the same zone twice and bounced back almost immediately. Now it has broken a strong downward shaping trend line confirming what was obvious. I am forecasting that the price should reach near 2875 in the next few weeks. With the innovative business model and low cost drug market expanding worlwide..Dr Reddys is set for the moon. Good Luck Happy Investing
NSE:DRREDDYLong
by VahniTrading
Long Cipla @ ₹547-555 for a Target of ₹595Greetings, 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 closing. However, it is a blessing in disguise, buy CIPLA at ₹547-551 levels for a target of ₹595 . Putting Stop Loss isn't recommended . Also, DO NOT play on margin, get ready to hold it for 2 weeks. Happy Trading! - Souvik
NSE:CIPLALong
by UnknownUnicorn681945
Auropharma - It's the Time to Disco -Five Turns to 785Update Do check -Latest update in previous idea- "Playing with Channel" - taking current price action into consideration. ------------------------------------------------------------------------------------------------------------------ Chart Snapshot at 09:57 Hrs Last Price@789 ----------------------------------------------------------------------------------------------------------------- Let us run the flashback 13th Nov 2018 Auropharma screamed to me post falling to lows of 760’s that I will do disco dance tomorrow 14th Nov 2018 on account of children's day - suggesting me the range as well - 780 to 765 --------------------------------------------------------------------------------------------------------------------------------- As updated on the post – “Playing with the channel” @15:50 Hrs -13th Nov 2018 --------------------------------------------------------------------------------------------------------------------------------- Closing Price@775 Top of 780's was kissed in today's session against our expectation of 785 - 790 zone from bottoms of 760's Planning for Tomorrow -14th Nov 2018 Any chance to sell in 777- 780 zone shall be short term opportunity for 770- 765 targets downside Later Plan to buy in 760-765 zone if 759 is intact downside as It may do disco dance tomorrow between 780's to 760 zone Because it needs to spend some time so next we plan to sell at the top range close by 780's & buy at bottom of the range which 760's -and dance with the market. --------------------------------------------------------------------------------------------------------------------------- 14th Nov 2018 5 Turns to 785 which was updated on the post – “Playing with the channel” “If you missed the updates on the post – check your settings in idea stream tab in tool's panel.” -------------------------------------------------------------------------------------------------------------------------- 15th Nov 2018 Trading Strategy - Latest Update Taking into consideration early price action of today - 785 is key level and 790 is critical level -till the time 790 is intact -we shall sell for 775 -765 - 760 & below 760 for 745-748 target zone. Plan A Fall to continue from 785 – It’s 785 – Going Below 765 & Breaking 760’s can take stock to 745-748 zone which is next important support zone. Plan B In case, it holds 765 – does not move below 765 then risky buyers can take buy call /long position with strict stop loss below 765 & upside target as 773-778 later. -------------------------------------------------------------------------------------------------------------------------------------- Hope, you enjoyed the disco dance – 5 Turns to 785. Do take good care of yourself. Thanks for watching the video and your precious time.
NSE:AUROPHARMAShort
by WaveTalks
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