A very good breakout of N pattern is done in cipla now it retested tomorrow was a good opportunity to buy it .
Buy Cipla at 1067
Target 1079 1100 1200
Sl 1007
Must buy it bse increase its rating
Nifty Pharma- Support and Resistance Zone
Consider buying Nifty Pharma stocks above resistance zone ( We can wait till 4 hours candle close above resistance)
Consider selling Nifty Pharma stocks below support zone ( We can wait till 4 hours candle close below support)
Divislab ~ (Divi's Laboratories Ltd)
medium term ~ Divislab make H&S pattern in 1W TF..
short term ~1 day tf also bearish
I think we 3400,3250, 3100 level can be seen in the coming days
Pharma index Longterm target is 26k so choose right stocks for massive returns ,as Bio-Techchnology and pharma reforms(infrastructure building,local manufacturing themes) will play major role in future in India
Glenmark broke its 4 downward trend in August 2020 and since then it is consolidating around the same levels.
Any thrust upside could be really quick and furious.
Form march lows, it has also taken 32% Fibonacci retracement level, which usually acts as strong support.
We can go long with a target of 680-700 with recent lows as a SL.
Sun pharma is the biggest contributor in the Indian Pharma Index. So far, it has acted like a tired lion however, it seems the lion is ready to claim the kingship all over again.
Sun pharma has broken its 3-year downward trendline. RSI has already passed its complexion point.
It completed its corrective wave (2) at 450 levels around September. It is all set to...
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Positive session for Nasdaq Healthcare that gained 0.39%. However, I still see the possibility of a retracement over the basis of the Bollinger Bands indicator (orange crosses). I was waiting with anxiety today's session to check for a signal of retracement, and it comes with the third...
Good session for the Nasdaq Healthcare Index, that closed the day with a 1.30% gain. Bullish sentiment is still driving trades. However next session could be characterized by a retracement around the basis of the Bollinger Bands indicator (orange crosses).
This is a daily analysis.
Disclosure: My ideas contain statements and projections based on assumptions on...
