Classic Cup and Handle Breakout on AuroPharma above 636
HIghlighted band is acting as a strong support level for over 2 years and RSI is highly oversold on daily TF. Look for short term bounce
Last Leg of Bear run in Pharma, If We close below 8250 on daily charts, get ready for 7400. which is ultimate support and the Bull run should start in Pharma.
Gap will act as a strong support and RSI is in over sold territory. Should reverse from here. Maintain SL of 423 on closing basis.
Airtel gave a Multi Year BO at 444. Restest of 440 levels is a oppurtunity to long
Positive DIvergence on Daily RSI and Volumes rising near support
Circled Zone is where the Euphoria Prevailed in the Past. This time I expect NIFTY to touch 12200. Before any significant correction.
Can long with Target of 160 Levels in 4-6 Weeks. Maintain SL of 140 on closing basis.
Buy at 145 Levels with SL of 139 on closing basis
Long GSFC with SL of 148 on closing Basis. Targets 175 and 187.
Castrol is at Demand zone. It has taken multiple supports in 350-360 range. Look for a Target of 380. Maintain a SL of 352.
WOCKPHARMA Would Skyrocket and touch 2000 levels if things repeat.
Worst for Pharma seems to be over. Pharma is the only sector which would outperform Broadmarket Indices over the 2-3 years. First Ideal Target would be 680 in short term (3-4 Weeks) Medium Term Target - 900 (6-8 Months) Long Term Target - 1600 (2-3 Years)