Pharmasector
big move expected in buying side in drreddyHello guys i had find this setup of drreddy in 4h timeframe.the reason behind this analysis is its is in uptrend and the pharma sector is also in uptrend and the scenario for pharma sector in this pandemic situation is look bullish also it is in breakout mode the big resistant is on 5500 we will not take immediate trade we will wait for breakout and some confirmation before taking any position i will watching closely this script i will update on it and also plzz do your own analysis before taking any trade if you like my analysis do follow like and share thank y
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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Kopran – Flag and Pole on Weekly ChartStock has history of moving in Flag and Pole Pattern.
Looks like Pole has been created on weekly Chart, Pole can become bigger if 168.8 cross this week else Stock can go sideways.
140 can become good accumulation zone with Stop loss of 120.2
Targets: 2.618 Fibo ie 204 and 3.618 Fibo 243
Duration : 1-2 Years
Fundamentally 230 looks Fair Valuation in fact if Sales keep on increasing in next 2 Quarter then Stock can fetch higher Valuation.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Breakout in THYROCAREDisclaimer :- This is not any buy or sell recommendation. This is just my view on this counter kindly consult with your financial or investment advisor before investing.
Thank you !!
Thyrocare is looks good above 1000 level.
Next resistance levels are already mentioned in the chart. Thank you !!











