ASTRAZEN trade ideas
Astrazen - Big Break and ConsolidationPrice after the triangle break rejected at the top and presently consolidating for the last three months approximately. If one can look at the top of the rectangle price is rejecting heavily but price is taking support from the bottom of the rectangle at the same time.
Wait for the price to break the rectangle box and trade accordingly.
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Astrazeneca announces a vaccine! This is a blockbuster portfolio stock! NSE:ASTRAZEN
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Price-volume action in AstrazenecaOnly for educational purpose only. Amazing price volume action here.
Astrazen Astrazen is forming a rising wedge pattern in daily time frame and it is yet to give a breakout. So it is a good trade for short position after the breakout.
AstraZeneca - Short term tradeAbove 2800 this stock could quickly move to almost 3000 (Marked price)
But only above 2800 for a a target of 3000. (Once it crosses 2800, keep stop somewhere close to 2750)
Pullback - AstraZenBuy at CMP or dips upto 2500 for target of 2700, 2800 & 2900. Stoploss below 2400.
ASTRAZEN BEARISH DIVERGENCE - REVERSALPREDICTED BARS OVER NEXT FEW WEEKS
TREND CHANNEL WITH RESISTANCE AND SUPPORT
4-6 PERIOD EMA CROSS UNDER SIGNAL
BEARISH DIVERGENCE ON WEEKLY
Adding to my initial position of 1940. Entry@ 2136AstraZeneca Pharma - we had a pilot position @1940 and we added more today@2136
3 yr average sales growth - 4%
3 yr average profit growth - 120%
3 yr average margin growth - 200%
The sales growth is not very impressive however the company was making losses from 2013-2015 and it has turned around since 2016. We will be watching the upcoming quarters for a further cue in the improvement of sales and we will also look for guidance from the annual reports.
In downtrend, but likely to get support shortlyWill get a support at 1869 and resistance is at 2347.
ASTRAZENECA PHARMA Looking strong with sizable volumes.Good to go for positional buy above 1600,
SL is --- 1475
Expected target --- 1963 + (Its better to follow the trend)
