CIPLA 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...
Aarti Drugs has been trading in the same zone for the past 5 years. It is on the verge of breaking out of its monthly resistance zone.If monthly candle closes above the resistance then I will go long with a 15-25% target view. Keep it in your watchlist. NSE:AARTIDRUGS
Aurobindo 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...
If breakdown from flag occurs the chances are price will drop.. If it price at support is rejected chances are it will bounce back...
CIPLA LOOKING LIKE SELL IN H4 CHART ,,, SWING TRADE .. AND LETS SEE FUNDAMENTALS TOO... #CIPL #VSGROUPS
Key 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 fundamentally : just a bubble technical: some room still there for rally upto 9200
Ajanta Pharma (ajantpharm) (weekly) has given breakout. Stock will remain positive till it stays above the trendline.
Lupin Pharma (daily) cup and handle breakout. Good volume as well.
Biocon bounced from the support area and now ready for a new breakout above 238 + level.
Glenmark Pharmaceuticals (weekly) staying above 395 level, it will give good breakout. A journey toward 500 level.
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...
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...
Disclaimer ----------------------------- 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...
Aurobindo Pharma (auropharma) (weekly) bounced from trendline support & trading inside the channel. It is holding the trendline support. Staying above the line, good for positional.
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 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...