ParimalDevnath
Long

CadilaHC, 200 DMA

NSE:CADILAHC   CADILA HEALTHCARE
Pharma stocks are on a roll. CadilaHC has risen sharply from Double Bottom to meet 200 DMA. This is decisive. 420 is the resistance where Call sellers are sitting with highest position. So price came down sharply from the height of 424. Bulls are holding onto 420 Puts. Therefore we can expect some consolidation at this level. There may not be much profit booking. Even little correction towards 412-15 will be lapped up by buyers.

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