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. Volume-Spread: 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 . Cheers !!
Please use this pitchfan as a reference point for buying and selling
Buy Dishman pharma with a target of 300 and SL at 198