Pharmastocks
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%
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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