NIFTYPHARMA INDEX MAJOR SUPPORT ZONES BUY ON DIPSNIFTYPHARMA INDEX MAJOR SUPPORT ZONES ON CHART
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Pharmastocks
WOCKPHARMA : BULLISHcorrective structure. The last leg is still pending. Buy on dips for the target of 370's.
LUPINIt has activated a Bullish Ichimoku C Clamp probability in hourly time frame. The probability will be negated below 1018 while resistance is at 1070.
Ichimoku analysis works on the alignment of specific moving averages comprised of conversion line, base line, leading lines, lagging line and Cloud
LupinLupin 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 GROW TOGETHER :)
Pharma Rally | AUROPHARMAPharma 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
Ajanta Pharma - Positional Buy till ATHM 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.
ALEMBIC: BULLISH Third of third wave has been completed. The stock is ready to give upside rally again after the 4th of 3rd wave completion that can lead the stock to travel into four digits price territory.
LUPIN : bullish on supportBuy lupin if holds the current level as a support for the target of 990/1000-1020 zone
Cadila HealthCare will see some correctionAs 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..
SUNPHARMA - THE WHOLE PHARMA SECTOR UNDER RADARLOOK OUT FOR A BREAKOUT IN SUNPHARMA AS WELL AS DR REDDY AS THEY ARE NR7 CANDIDATE. THEY HAVE BEEN CONSOLIDATING FOR THE PAST 3 DAYS.
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
Thank you
Have a Nice day!!
Ajanta pharma - bullish triangleThis chart shows the consolidation face of AJANTA PHARMA after a power move. So we expect another power move if it brakes the current resistance level.
Wait for the breakout.
Confirm it is clear breakout with volume.
Buy with the help of technical indicators like macd, moving average, pivot points etc
Or you could wait for a retracement and buy at retracement (if it happens)
Beware : Please keep in mind and stay away from False Breakout Traps .
Also this is not any recommendation. Trade at your own risk.
[Positional] Sun Pharma Sun Pharm had a nice and clean flag breakout post results, But it has not been able to give confirmation of breakout.
Now if it closes below the channel, we may see it going back to lower band(though unlikley).
My bet is it will go up from here.
Long above 540 with Stop at 505.
STRIDES PHARMA CHART STRUCTURE LOOKING STRONGDISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
Doctor with a breakoutAscending triangle or a bullish triangular wave structure breakout. Buy on any dip near 4200 for a target of 4650-4700.
CNX PHARMANifty Pharma has activated a Bearish Harmonic Alt Shark in weekly time frame. A shallow correction wont breach 10500-10750 while a deeper one would test 9500. View negates above 11500
Short BioconI hope you can now see how the Biocon represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Buy Astec on pullback. Pilot position at 532I took a pilot position at 532and I will be looking to add at minor corrections
Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. it has clocked the highest volume since 2017 and it's pretty close to its all tie high. The volume on up days are higher than the volume on down days. there are more green bars than the red bars.
Fundamental:
This stock shows excellent sales and profit growth.
5 years of sales growth - 15.8%
5 years of profit growth - 31.38%
Margins have been sliding for the past 4-5 years however if they work on it, the profits can scale up.
Debt is down by 43% since last year, its a good sign.
TTM earnings up 41%
CIPLAIt has triggered a Bearish Ichimoku C Clamp in daily time frame which suggest a retracement till 615. In hourly its making a Bearish Diamond Pattern indicating 615/600 on break of 638. View would go wrong above 653
Auropharma - 8-10% upsideTaking support at parallel channel
Hammer formation confirms buying support
Good quarterly results
Pharma Sector and Market is in positive trend
Good to buy at this price
