Pharma Stocks are on the surge except CIPLA missed out to make it another day. Next two day should be interesting Cipla as it is in consolidating mode for the last couple of days and should get out of those consolidation range. 536 is the short term level once should anticipate with 2-3 days time horizon.
Short was given by system at @578 1st Target 564 , achived going for 2nd target 549 ,stoploss of 576
Happy New Year to all. New year has arrived with new opportunities. It is always good to start a new year with profitable note. Our short NIFTY and other selected stocks positions ( via puts of courses ) is well in green and now it looks like the test of solid support levels near 8200 / 8000 is inevitable in coming sessions. Many of the trades we have...
Extremely favourable risk reward trade. Stoploss at 503, just above 200 week moving average. Extremely important level for any stock. It has broken the resistance level of 500 and may soon breach 100 DMA. First target is 540 and second target is 576. This trade does derive comfort from the general breakout of pharma sector in India.
CIPLA to GO LONG - Since CIPLA also moves a bit as per Nifty, we can expect a small upward move till 480 - 490 Levels shortly. I really don't know what will after that.
After long consolidation, it has broken to the upside with high buying volume. Target: 494 SL 470
Ok I'm again of the opinion that CIPLA is going to go up. If it Crosses 471 then 474 - 475 is coming up. It does look like there is some kinda delay. Maybe its just waiting for June 22nd for the management to come up with some crap decision.
I don't know why, it will move up to about 477 - 478. I just know it, call it " GUTT FEEL "
After spending almost two years in stratosphere, Cipla is coming back to earth. Our bias is that Indian Pharma sector will continue to grow. That means, we should buy good pharma stocks when everybody is selling. Yesterday's bad result will be forgotten sooner or later and we will be back to talking about growth. Of course, we are not sure when the slide in...
Stock consolidating near support. Expect a rally to the resistance at 570-ish
As per the Elliot Wave, 5 waves correction has been completed and now I expect three upward corrective waves before the its bearish downtrend resumes in its direction. Risk/Reward: 1:5 Target: 609-616 Stoploss: 571-580
As per Elliot Wave, 5 wave correction has been completed at 580 levels and now I expect to see 3 corrective waves before it continues on to its downtrend. Markets in all indices show similar charts, and I believe the markets are ready for a short term corrective upward move. Risk Reward: 1:5 Target 1: 609-620 Stop Loss:570