ASTRAZEN trade ideas
Inverse Head and Shoulder Price Pattern on Astrazeneca PharmaInverse Head and Shoulder Price Pattern on Astrazeneca Pharma with pullback happening and if breakout the level of 3130 with descent volume then we can look for the target of 3709 level. Keep the stop loss at 3098. Great reward risk ratio of 18:1.
AstraZenca Short Term Analysis -Tarrget Open1. Nifty Pharma Is looking Solid
2. Corona Resistant Stock
3. Good volumes
4. Good Risk Reward
5. Above Mean Volume ,
6. MACD Rising Above Zero .
Target Open , crossed 100 EMA with good volume , Good Bet for next Week .
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Astrazeneca - Looks good aheadThe stock has given a breakout with good volumes on the daily time frame. Also, MACD is showing reversal signs. If sustained above the support channel may go to the levels of 4000+.
Only for learning and sharing purposes, not a bit of trading advice.
Please comment with your views.
All the best.
ASTRAZEN | Super RSI divergence in daily time frame - 35-55%ASTRAZEN | Super RSI divergence in daily time frame. Lets try a bottom fishing - Looks potential for 35-55%
We recently traded GLAXO from Pharma which given excellent result. Now another stock from same sector.
CMP : 3100
SL : 2800
Target : 4150, 4800
1:4 risk reward setup (First target)
Daily time frame RSI divergence chart attached in comment
Astrazeneca Pharma India Limited- Stock is holding up 3000 levelOne can use buy on dip strategy else if wait for breakout, there is a chance of missing out the opportunity .
Keeping the SL of the long term trend line or round level of 2500.
Keep patience and wait for mid term target of 4000 and 4500
ASTRAZEN accumulating slowly can show big 50% move risky stock will buy ASTRAZEN because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting.
Entry : 3116
Target : 4700
Stop loss : 2880