It seems taking support on lower range of BB. Some good bounce is possible here. March is going to get closed soon. Hence closing above lower range of BB will give more clarity. Low of March can be kept as SL for longs in Pharma
New Study For Paper Trade
Buy Lauruslab Near 355-360
StopLoss :330
Target : 400-450-500-600
Study Logic
👉 Weekly Demand Zone
👉 Monthly Demand Zone
👉50 EMA Support In Monthly TimeFrame
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered Here Post is only for Education purpose i am not responsible for any profit and loss.
As seen in above chart Lauruslab is in complex correction Wave WXY, wave Y is in progress which is subdivided into ABC , in which wave C is in process can go down till 410-390 one can keep it has target.
Risk management is Imp, use stoploss, Happy trading.
Short on Daily Time Frame on 11.10.2022
Reverse flag on 1 hourly Time frame
Reverse Flag Details
Pole Start (06.10.2022; 10.15AM)
Pole End (12.10.2022;10.15AM)
Pole target matches with 1:1 Risk reward strategy on daily time frame on 11.10.2022
After trend line analysis and Bollinger band strategy the Risk Reward COMES TO 1 : 4.5
Target- 498
SL- 528
Note:...
Hey.. What do we get if we analyse one chart with two different theories ?
Is it a good idea ?
We use different techniques and methods to analyse a chart.
Some traders use chart patterns, some use moving averages and others use any other technique.
We all did the analysis to determine the trend of that instrument.
What if we use two different theories for the...
Wockhardt or Wockpharma seems to have completed its WXYXZ in Wave 2 and now it should show a up move in Daily Time frame in the form of 3rd wave.
In our previous analysis we assumed it should come beyond 270-280 level from near to 500 level.
It did.
Now let's see what happens in the upcoming weeks to come.
P.S- The count will be valid till Wave 1 starting...
Nifty pharma started giving positive signals on two three factors seems it can retrace good from here it gives a breakout on falling trendline resistance and closed above, gives breakout on upper Bollinger band and closed above relative strength indicator resistance just starting phase to indicate coming good moves. after all these considerable points we should...
📈 IPCA Lab 📉
IPCA Lab broke out from a downtrending trendline zone after testing three times. Yes it has closed at high of Fab and March too.
So I am biased on long side.
On Buy Side I am looking for initial Targets of 1100, 1139, 1211 and 1318.
StopLoss should be kept at 965.
It offers 1 : 2.5 Risk Reward.
All Important Supports and Resistances are drawn in...
📈 Alembic Pharma 📉
My Findings :-
1. Breakout from a swing high and Resistance Zone.
2. Close above Feb, March high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 806 and 841
SL- 739
RR- 1: 1.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor...
📈 Alkem Lab Ltd. 📉
Today broke out from a Resistance Zone after testing two times and also broke out from a downtrending Trendline Zone on closing basis.
On Buy Side I am looking for Targets of 3750-3800 zone followed by 4000-4050 zone.
StopLoss should be kept in 3375-3425 zone.
It offers 1:4 Risk To Reward.
All Important Supports and Resistances are drawn...
NSE:AUROPHARMA Auropharma after a prolong down move is showing first confirmed signs of life. Breaking a key resistance level with good bar and volume . Price Action hinting at a possibility of further up-move continuation from here
CMP- 700.05
Targets - 750
Hi everyone
This is an overview of indian market that how it is going to react in upcoming months
let me know how you like it and if you have any query plz write back to us.
Thank you
Today I have expressed my views on Cadila Healthcare. This stock has been on a downtrend since August 2021. Is it a right time to invest in this stock or should you exit your positions.
Is Cadila a good stock to have in your portfolio?
All your questions shall be answered in this video.
If you like the analysis, please subscribe to my channel.
Note:
The analysis...
BIOCON
Daily Chart Outlook
Date:-26-01-2022
Day Chart,
Chart Making Channel Pattern,
Inverse Head & Shoulders Pattern.
4 HR Chart,
Price Respect Upper Strong Tradeline,
Seeing Strong Support level Wait after Breakout
The Chart is telling in upcoming days BIOCON will Good Opportunity To Buy on Reset level
This Post Is Only For Education Purpose
Before...
As you can see in the chart, Glenmark is testing 540 level, there is the strong Resistance at this point.
.
Many times stock reversed from this level, now again on stock reversed from 540,
.
So if stock goes above 540 on monday, you can buy this trade for target of 560.
.
What's your view on this comment below in the box.
.
Note: Maintain you stop loss as there...
Nifty Pharma index started it's rally after the 2008 crash and top out in 2015.
Then it went for a long consolidation till 2020.
After analyzing retracement with fibonacci levels I saw that it had took support on 0.618 level and again showed a bullish up move.
It crossed it's all time high recently in 2021.
Before crossing, sellers tried to change trend but...
