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.
I 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...
I 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...
Taking 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
I already published this IDEA before in June 4. Please view it.
Whole Pharma was under pressure TODAY.
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Target 1. 475
Target 2. 470
Target 3. 450
Stop Loss @ 499
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IF YOU HAVE A DIFFERENT VIEW ,PLEASE SHARE, SO THAT I CAN IMPROVE MY LEARNING.
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THANK YOU
look promising in this kind of volatile market . not corrected too much in past big down fall And recover promptly .
also Pharma sector look promising in upcoming period . so i long ! with Stop loss of 160.
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
Key Levels for CIPLA : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~643.15
FIRST TARGET~649.40
INTERIM RESISTANCE~655.10
FINAL RESISTANCE~660.20
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LOWER BREAKOUT~634.05
FIRST TARGET~629.55
INTERIM SUPPORT~624.40
FINAL SUPPORT~618.15
My views are for educational purposes only.
Please trade with caution and consult your financial adviser...
Key Levels for GLENMARK : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~349.95
FIRST TARGET~350.95
INTERIM RESISTANCE~352.20
FINAL RESISTANCE~353.65
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LOWER BREAKOUT~347.40
FIRST TARGET~346.05
INTERIM SUPPORT~344.90
FINAL SUPPORT~343.90
My views are for educational purposes only.
Please trade with caution and consult your financial adviser...
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...
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.
![SUNPHARMA: [Positional] Sun Pharma](https://s3.tradingview.com/n/nW7y50oF_mid.png "[Positional] Sun Pharma")
