Sunphsrma has been the leader of the falling pharma sector for last 30 months or so. The stock is falling since making an all time high in April 2015. Now the stock looks like bottomed out with a low around 460 in the month of September. The stock is trading above 21 WMA. It seems to have made a higher bottom last week around 21 WMA near 500. 14 period MFI is...
Sail surged more than 50% in the span of 25 trading sessions. The stock retraced 38.2% of the previous rise during last 8 trading sessions. Now it looks like it'll resume its upmove towards 92 & then towards 100. The stock rose with strong volumes during upmove & corrected with declining volumes. So volume theory also supports the view. So long positions can be...
Petronet looks to have taken support around 208. Go long in the stock around 213 with sl below 207.5 targetting 225