Pharmastocks
CIPLA ConsolidatingCIPLA has been trading in a zone for the past 42 days.
This might continue for some more days,but a big move is expected whenever is breakouts or breakdowns from this zone.
Will trade with 1:3 RR NSE:CIPLA
More chances of breakout are there as CNX Pharma is bullish and it might reach 10k levels soon.
Keep a look out on pharma stocks especially :
1) Alembic Pharma
2) Torrent Pharma
3) Aarti Drugs
Trade Setup For Aurobindo PharmaAurobindo Pharma is Bullish in my View
-Ascending Triangle Pattern Formed
- Inside Ascending Triangle - Descending Channel pattern Formed and Gave a Breakout Already.
- Multiple Rejections happened Inside the Triangle and the stock price keep in going high
Best Buy above 685
Best Sell Below 640
Trading a Pharma Stock is a Risky, in the Current Things Happening around the world.
Trade Cautiously..
Do your analysis before taking a trade
AUROPHARMA KEY LEVELS SUPPORT AND RESISTANCE 15/04/2020Key Levels for AUROPHARMA :
Upper Breakout~518.80
First Target~534.20
Interim Resistance~550.50
Final Resistance~565.90
**Lower Levels**
Lower Breakout~488.05
First Target~474.60
Interim Support~460
Final Support~441
Please trade with caution and consult your financial adviser before trading.
Nifty Pharma - ready to move up after a consolidation.Following Nifty ATH, other sectoral indices too are moving up, forming multiple bullish patterns.
Pharma sector which was once darling of investors, is attempting to catch up. Some of you might have experienced, how it makes wild moves. Pharma stocks are among most preferred ones, among FIIs, DIIs and HNIs.
I guess having exposure to the sector is a necessary for every equity portfolio. Identify a mix of large and quality mid cap stocks and keep adding them at every dip.
SHORT AUROBINDO PHARMA KEY TAKEAWAYS
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
Auropharma - Pharma Traps at 800 Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A
Sell below 440 for targets 400 /350 /300
Plan B
Buy Above 455 "If holds above 450 as a condition" for upside targets 475-480 & Above 480 for 500-510 & Above 520 for 530/540/550
Plan C
If Plan B activates & stock reaches 500-510 zone where it finds resistance or upside hurdle -traders can sell once it starts moving back below 500 as condition. No selling if crosses above 500 & holds the level as support later.
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Last Video Idea - Click to see the video
Elliottwaves - Will it repeat the fall of 2016
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Thanks for watching the video & your support. Good Night!
Lupin idea for the coming week!! Take or Keep levels!!!The first day of August futures showed nice buying done in the pharma sector. Lupin once if cracks and sustains above 780 cash levels can show 790 and 800 plus targets in the coming week. A buy on dips is recommended in this counter with a Stop of 765/762.
The red line is the Stop.
Green is the CMP.
Purple lines are the two targets!!!
Lupin on watch for next week!!! 4hours chartLupin is stuck in a range according to older price actions taking place at these levels. If one wants to go long, a close above 782/784 is mandatory with a strong green candle. 767 and 762 will act as a major supports for the coming week. If it breaks 761 / 759 downside support is at 752. So, don't be in a rush to short. There are multiple supports till 730 and that too strong ones! This counter may show 800 plus levels soon on the charts!!!
The yellow rectangle is the price where major consolidation has took place now and before. The arc which is seen in the last is the upper target zone.
Auropharma - Elliottwaves - Will It Repeat The Fall of 2016!!!Auropharma Profile Page at
in.tradingview.com
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Trading Strategy
Long Term Strategy
Plan A
Expect Explosive Move Upside -------Only Above 895-Double Top & Targets – 1200/1350/1600/1750 in next few years ahead
Plan B
Holding Below 895 –Double Top –Expect Downside Move &
Targets –
697/700
620/630
500/525
Going Below 500 – We shall review later & we don’t deny downside targets of 450/350/250 years ahead.
Previous Ideas
22nd Aug 2016
20th Oct 2016
13th May 2017
8th Nov 2017
1st June 2018
5th Dec 2018
Thanks for watching this video & Your Support ----------- “Don’t forget to support and share”.
Auropharma - How can you miss 790's Education & Trading Idea
Trading Strategy
Plan A
Buy above 775 for 785-787
Plan B
Sell Below 765 for 755-745-735
No Trade Zone - 765-775 ( Risky Traders - They Can Buy close to 765 with strict stops below 765 for 773-775 & Sell Later in 773-775 for 765 downside with strict stops above 775)
Thanks for watching the video.