Technical Analysis
Aurobindo Pharma has taken support at upper range of support box(630). It can move upwards after taking support at 630 price level. It is good time to accumulate share at current levels for long term.
Fundamental Analysis
Current PE : 7.45 (Undervalued in comparison to peer Pharma stocks)
Sector PE : 38.7
Below data for previous 5...
As you can see in the chart, Glenmark is testing 540 level, there is the strong Resistance at this point.
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Many times stock reversed from this level, now again on stock reversed from 540,
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So if stock goes above 540 on monday, you can buy this trade for target of 560.
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What's your view on this comment below in the box.
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Note: Maintain you stop loss as there...
GRANULES INDIA has taken the support of its previous resistance 310 level as its support and if it breaks the support 310 level then the next support is 303 level and breaking the trend line another support at 295 level for the stock to reverse.However one can see a fresh buying opportunity only after full correction completed.
Hi everyone, Aurobindo pharma consider buy 623 target 800 stoploss 545.
LOGIC BEHIND TRADE : Stock is near it`s weekly support (620-580) support identified from harmonic half bat pattern level 0.618 stock can bounce from support & can go upto it`s previous resistance 800 stoploss only 15 points from support. NSE:AUROPHARMA
Only for positional.
Pharma has seen an continuous sell off and today made great pull back.
Enter at the given level SL is must.
Enter above 705.50
T1 740-745
SL 680
Happy trading.
Lupin tested three times 933 levels, so it's a strong resistance .
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If tomorrow stock goes above 940, you can buy this trade for the target of 955-960.
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Stock has already given the positive closing.
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What's your view on this comment below in the box.
The current structure suggests that the stock is making a bearish triangle. One should look selling opportunities on any rise with Sl of 985 for the downside targets of 880/850. Th triangles are penultimate waves & the thrust out of the triangle is the last move of any trend. So we can expect reversal in the stock very soon.
Glemark Pharma is in multiple support area . It lies in Trendline Support , Horizontal support , previous resistance as support and 0.382 retracement support . It is a Pure Support Trade
A perfect bullish chart pattern of Aarti industries. a perfect W shape chart pattern is seen in Aarti ind. on 15 mins time frame. This will the swing trade for the target of 1150.
CIPLA swing analysis
In above chart we have used1 5 min time frame.
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
CIPLA share has already given the breakout today, the stock crossed 967 and closed to 969.
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As you see in the chart, share is consolidating from the starting of the September.
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Now the time has come, share is already given the breakout, you can buy this share at the level of 971.
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Our short term target is 990.
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What's your view on this comment below in the box.
EXPLANATION : This is a 4 hour time frame chart of CIPLA . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on CIPLA . Demand zone marked in chart we Plan to short below this zone price closing .
If you like this analysis...
LOGIC,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)
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