Pharmastocks
AARTIDRUGS - Good buy for Positional for 1000+ targetAARTIDRUGS - Good breakout gave on March 03, 2021.
Currently, it took support at 50SMA and it's a good buy for positional/long-term pick.
Breakout from the pennant after strong consolidation for months is a good sign and as expected given a nice BO.
Can hold for the long term for its all-time high and more.
Glenmark- LONG for med to long termIs it only my feeling?, that Glenmark will go up???.
Maybe, maybe not.
Fundamentally company looks good, also price action wise present price range seems good for a med term investment.
Buy around CMP
SL below 430
with a TGT of 585/ 675
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a med to long term investment only, its not a positional or an intraday trade, as I used to do normally
SUNPHARMA: PALGO SIGNALHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
BUY GUFIC BIOSCIENCE ABOVE 137 !!AS MENTIONED IN CHART, IT BEAUTIFULLY FORMED CUP & HANDLE PATTERN + BULL FLAG PATTERN.
IT MAY FACE 137 AS RESISTANCE,
BUY ABOVE 137 !
NOTE: This Analysis Based On 1 Week Time frame,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
BUY ALEMBIC PHARMA ABOVE 1085IT MAY FACE 1070 LEVEL AS RESISTANCE RESPECTIVELY.
(THAT IS 78.6 FIBO LEVEL)
POSSIBLE TARGETS ABOVE 107O:
1) - 1125
2) - 1290
NOTE: This Analysis Based On 1 Week Time frame,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Cipla - Long Term Investment PickBalkrishna Industries & Cipla in my long term holding list.
For Positional Traders Cipla Buy At Cmp 770 Strict SL - 670 (Day Closing Basis) Target - 1050/1100/1150
And in posted chart this is short term swing trade - Buy cipla at cmp 770 with SL of 729 Target - 840/855/870
NIFTY PHARMA "ALERT"Nifty Pharma Made Tweezer Top On Weekly Chart On 21st Sep. Now It Is Trying To Break The High Of 14th Sep. A Single Day Close Above 12550 & All The Pharma Stocks Will Sky Rocket. We'll See New All Time High In Pharma Index.
Cipla, Drreddy, Cadila, Glenmark Are My Top Picks & In My Folio.
SUNPHARMA FOR SWING TRADING, 1Hr patternAfter being in the Downward Channel for some time, SUNPHARMA gave a good volume breakout. After giving a breakout on the 1 hr time frame, it formed an inverse head and shoulders pattern. And today, i.e 17th November, it broke its neckline. Due to these factors, I am long on this stock. I have also given a target which I think would be met in this week. This stock is very good for Swing traders as it would give a very good targets in coming days.
DISCLAIMER: This idea is my own idea and I have done my own analysis. Before investing please do your own analysis or ask your financial advisor.
Thank You