Buy around 321 with a Stoploss of 316 and with Target at 337 .
Don't forget to follow, if you make some bucks with these levels :)
All levels are as per spot. Please have a proper risk management. Happy trading.
After being in the Downward Channel for some time, SUNPHARMA gave a good volume breakout. After giving a breakout on the 1 hr time frame, it formed an inverse head and shoulders pattern. And today, i.e 17th November, it broke its neckline. Due to these factors, I am long on this stock. I have also given a target which I think would be met in this week. This stock...
Balkrishna Industries & Cipla in my long term holding list.
For Positional Traders Cipla Buy At Cmp 770 Strict SL - 670 (Day Closing Basis) Target - 1050/1100/1150
And in posted chart this is short term swing trade - Buy cipla at cmp 770 with SL of 729 Target - 840/855/870
IF I SHOW YOU THE PROPER PRICE ACTION THEN ITS JUST A CUP OF TEA TO TRADE ANY STOCK
UNDERSTAND THE PRICE ACTION RATHER THAN DEPENDING ON ANY INDICATORS
LONG THIS STOCK ITS HAVE VERY LESSER CHANCES TO COME DOWN BECAUSE OF MAJOR AND HEAVY SUPPORT ZONES
FOR MORE INFO COMMENT OR DM
Time Frame 15min and 30min for intraday.
Current trend is bullish, price and already broke the cloud and trading above the cloud further uptrend is above fib level 0.618 so plan your trade as per current level or do paper trade for more learning.
Thanks for reading my analysis
Pharma stocks have been corrected from their highs.
Auropharma has given a breakout from the trend line with high volume.
Macd is also giving a signal for reversal.
Buy @ 821-825
Target I - 887
Target II - 961
M had a tremendous move till 2016. Went into a downtrend therefrom till 2019. Trendline broken. Bullish bias restored
W has a Rounding Bottom and three HH and HL. Can be bought as per levels mentioned in chart.
As we have seen some pressure in both the major indices we noiced that Cadila was earlier facing resistance and now again after testing its resistance zone yesterday it reversed from its selling zones. so we can see some more selling pressure in this scrip..
Lupin broke the resistance on 14 Aug with big green candle. Following days, after retesting the bottom of channel, it started its move up, might test the top of the channel which may coincide with the next resistance near 1070.
I am no expert, if someone maybe a learner like me or an expert have different opinion, ll be glad to see that view.
WE LEARN TOGETHER WE...