It seems that buyers are emerging at current level as Engulfing made on 22.05 is providing a good support. So one can buy the stock at current level or on slight dip tomorrow for a target of 2100 - 2140 by providing SL of 1935 on closing basis. It would offer a good RR ratio of 3.
Disclaimer : All ideas and comments are my personnel view. Please take financial...
TORNTPHAI Torrent Pharma consequently gained 3% on NSE today with 4 times its average volumes, although NIFTY itself lost 40 Points today.
Considering the greater volumes on the counter with prices above Ichimoku KUMO, TORRENT pharma is a great buy around 1448 with Stop-loss of 1430 and Target of 1548. NSE:TORNTPHARM
Off-late I started investigating more on predicting the next candle for the day and seeing enough success by using the patterns of various indicators. Pine scripting in tradingview has helped a lot to automate everything and create necessary signals. Based on the engine's call, tomorrow (22-Mar-2018) will be a super "Red" candle for NSE:SUNPHARMA .
i expect lupin to give a SHARP BOUNCE BACK IN next couple of days ! no surprise if 5 + % percent rally occur within a day
as its a pharma stock , a strict stopl loss must be placed @ 805 - 810 levels
strength zone - 825 -835
As we can see that prices were in corrective mode since long time and it has been rising since couple of weeks. On weekly charts prices has tested the lower band of triangle and started recovering from bottom. Rsi Divergence also suggest that there is strength in Market and looks good on bottom of the chart. I do expect that if someone want to accumulate they can...
When 1st Target Achieved Book 60% Quantity.
And Trail Your SL to Entry Price.
No Technique Can make money for you, if you don't follow disciplinary principals.
Risk Management & Position sizing is must before entering any trade.
This is the continuation of my previous long term analysis on Aurobindo
As expected Aurobindo took nice support at 580 and rebound sharply upto the falling trendline of the downward sloping channel.
As expected stock seems facing resistance near 620-630 levels. The volume however is declining.
Stock had a huge volume at 'a' but long wick at...
Reasons to Short :
1. Cloud Breakout
2. pullback at 38.2 Fib Level
3. Resistance at 50 period EMA
4. Wicks at 1162 Resistance level.
5. Evening Star
6. Downtrend, obviously :)
Entry, SL, Targets are as plotted on Chart.
Ascending Channel offers simple trade on both the edges or for the trend follower only long trade on lower boundary. The stock has shown strength on 20.03.17 forming a bullish 3LR pattern and any retracement could be used to enter long trade. Stop loss 1118 on closing basis target 1200.
Cadila Health Care prices are forming FLAG Pattern and prices are expected to trade higher if prices are able to break & sustain above 455 levels. prices can trade higher till its pole size. As per the pattern we can expect prices to trade higher till 555 or levels.
Lupin is a BUY at CMP@1470 with SL@1420 for a target of TP@1600
Lupin gets USFDA nod to market pain relief, colonoscopy drugs and also gets FDA approval for generic Percocet tablets .
Lupin recently received FDA approval for generic Suprep Bowel Prep Kit and Suprep kit approval It may add 5% to Lupin’s EPS for FY18 earnings.
In addition the pharma major’s Goa...
Sun Pharma is now at a multi-year horizontal - SR level .
You can see the levels go back upto 2013 which make them important.
Fellow traders are suggested to trade as they decipher this chart in their own way .