GLENMARK Monthly Chart Analysis 23.11.2021Glenmark has entered into the consolidation zone and once it breaks 641 level then Target 690 is achievable.
Pharmastocks
AUROBINDO PHARMA LONG TERM SWING TRADEHi everyone, Aurobindo pharma consider buy 623 target 800 stoploss 545.
LOGIC BEHIND TRADE : Stock is near it`s weekly support (620-580) support identified from harmonic half bat pattern level 0.618 stock can bounce from support & can go upto it`s previous resistance 800 stoploss only 15 points from support. NSE:AUROPHARMA
LUPIN: BEARISH TRIANGLEThe current structure suggests that the stock is making a bearish triangle. One should look selling opportunities on any rise with Sl of 985 for the downside targets of 880/850. Th triangles are penultimate waves & the thrust out of the triangle is the last move of any trend. So we can expect reversal in the stock very soon.
Lupin Trade Setup For TomorrowLupin tested three times 933 levels, so it's a strong resistance .
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If tomorrow stock goes above 940, you can buy this trade for the target of 955-960.
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Stock has already given the positive closing.
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What's your view on this comment below in the box.
GlenMark Pharma : Multiple Support AreaGlemark Pharma is in multiple support area . It lies in Trendline Support , Horizontal support , previous resistance as support and 0.382 retracement support . It is a Pure Support Trade
AARTI IND> on 15 TFA perfect bullish chart pattern of Aarti industries. a perfect W shape chart pattern is seen in Aarti ind. on 15 mins time frame. This will the swing trade for the target of 1150.
Glenmark Pharma Inverse H&S patternGlenmark Pharma try to forms inverse H&S pattern can buy 515 and add more if come 470 for target 800 and 980 soon
CIPLA - Swing Trade AnalysisCIPLA swing analysis
In above chart we have used1 5 min time frame.
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
CIPLA TRADE SETUP FOR TOMORROWCIPLA share has already given the breakout today, the stock crossed 967 and closed to 969.
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As you see in the chart, share is consolidating from the starting of the September.
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Now the time has come, share is already given the breakout, you can buy this share at the level of 971.
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Our short term target is 990.
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What's your view on this comment below in the box.
Swing Setup EXPLANATION : This is a 4 hour time frame chart of CIPLA . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on CIPLA . Demand zone marked in chart we Plan to short below this zone price closing .
If you like this analysis of Stock give a Thumbs up // Like , let me know in comments below :)
High probablility setupLOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
Pharms Sector :Nifty pharma : bullish momentum divergenceA hammer on weekly and bullish momentum divergence on daily already work in progress could indicate the previous bearish divergence moves is probably arrested at support zone and is likely to move up.stocks could be picked once momentum reaches above bull zones.
Aarti Drugs || Chart analysis✅Aarti Drugs || Chart analysis✅
Can see-
✅Ascending triangle
✅Descending triangle
✅Symmetric triangle
✅Parallel uptrend channel
✅downtrend channel
👉This is not a buy recommendation.
👉The stock is in a major suppport,and maybe can see a reversal from current level.
👉Postive Q1 published.
Study well🙏expecting good growth.
ABOUT THE COMPANY ✅
Established in the year 1984 and a part of $1000 million Aarti Group of Industries, Aarti Drugs Ltd. (ADL) is engaged into manufacturing and selling Active Pharmaceutical Ingredients (API's), Pharma Intermediates, Specialty Chemicals as well as Formulations.
It is exporting its API's and Speciality chemicals to over 100 countries across the globe.
Thank You.💚
Like🔹Comment🔹Support
Lupin Bullish Bias Bullish Divergence Hidden Divergence
Bullish Structure
Stop loss 1070s level
Target 1: 1150s
Target 2: 1190s
Support Zone for Lupin
Volume contracting
Expect a bounce
CNX PHARMA CNX pharma took support with a huge engulfing candle and now approaching the upper level of exploding triangle pattern so it is exciting to see how it reacts to these levels.
Long position in AUROPHARMA at support level of Uptrend ChannelSince last year AUROPHARMA trading in uptrend channel. In current situation It's trading near its support level and it showing reversal to continue its uptrend. It's best time to go long in AUROPHARMA to upside targets. This pattern will fail if this stock give close below the mentioned support level. Take reference of chart for targets and stop loss levels.
#NIFTYPHARMA On The Verge of BreakoutIt appears that the pharma sector is headed towards an ascending triangle breakout with 14527.3 being the nearest resistance level.
Keep pharma stocks on your radar!
CIPLA at an opportunity level..!!CIPLA at trendline support. Expected reversal from here.
Target: 1020
SL: 940
