GLAND PHARMA, TOUCHED ITS IPO PRICE!!after its recent quarterly results it fell a lot.
its a very good stock for the swing trade. i have mentioned its targets and they are good support for those
earlier a month ago, i had posted its 5 waves. and this time i have extended it till its IPO PRICE. its a bit sad, that it came down this low. but its good to buy in dip.
i am aiming for the targets mentioned.
do check he trend line drawn in RSI indicator too.
the stock has touched its bottom, and one can do momentum investing till the stock consolidates in the future.
PHARMA
Pharma Alert.! Another rally or Trap.?NSE:CNXPHARMA
According to my analysis this breakout in the nifty pharma sector can give a rally upto 11% in coming months which will overall help the pharma stocks to boost and bring back them in this market where evryone is underestimating the power of pharma sector in the long run. but this is how ever a short term view on the pharma sector. what is the mid term view on pharma sector?, it shows me that higher levels will be tested and there can be a fall in the name of recession period to the level of 7000's. all the best i hope it was helpfull.
RAD Q4 buying means 2023 Q2 selling for multiplesThis is chart analysis only, the business fundamentals feel distressed to me however this is a meme stock and it can easily run up
Buying today under $4.20 seems decent but i think there will be lower lows soon
NBIX: Pharma higher highs!Neurocrine Biosciences, Inc.
Intraday - We look to Buy at 104.23 (stop at 98.97)
A sequence of intraday higher highs and lows has been posted. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 104.00 and should stem dips to this area. Dip buying offers good risk/reward.
Our profit targets will be 120.54 and 128.00
Resistance: 121.00 / 136.00 / 140.00
Support: 104.00 / 80.00 / 55.00
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ZYDUS LIFESCIENCES Parallel Channel Pattern Breakout*ZYDUS LIFESCIENCES*
Time Frame : Daily
Observation:
* Parallel Channel Pattern Breakout on Daily time frame
* 380 Swing High Break
* Mean (EMA) Diversion on Hourly time frame.
Resistance/Target: 401 420 452 486
Support: 350 329; Dynamic Support for EMA 200 on Hourly Time Frame.
APOLLOHOSP is forming triangle patternNSE:APOLLOHOSP Large cap Health care stock is forming triangle pattern with 4 months support line and 9 months resistance line with 4 rejections.
Previous support line was broken at 2022-04-29 and fallen 25%, hence this time enter only on strong breakout and follow strict SL.
Shorting can be attempted with triangle's support is broken strongly, and SL need to be followed strictly.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
NIFTY PHARMA, REACHED ITS BOTTOM!!the dark black trend lines drawn are the actual positions where the nifty pharma should carry on, i have drawn a support line from the corona crash till date, which shows markets have bottomed. please do read the text mentioned in the graph, to understand my full analysis..
SOLARA ACTIVE PHARMA, AT A HUGE DISCOUNT!!i have marked the time of corona crash(2019), with a circle, this stock had not broken its support during a crash too, that means its a stable stock.
it has a good fundamentals, due to heavy corrections from past year, this stock had corrected a lot.
i have drawn a 5 wave pattern, and this stock will now stock its bull rally, as markets for large caps have corrected, and now its time for mid and small caps to get its bull run. (link provided below).
the stock has corrected till its IPO PRICE(when it touched its bottom).
this stock has a good future, invest for long term
Nifty Pharma- Support and Resistance ZoneNifty 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)
Mid term swing opportunity in CTI BioPharma (CTIC)Stock had decent drop right after earnings to the lowest channel support line.
Stock is heavily short : 20% of float is short
80% Institutional investors.
nice swing opportunity for a re-bounce to the upper "resistance" channel line.
NASDAQ:CTIC
ASND ( NASDAQ BIOTECH) rises on earnings and FDA submissionNASDAQ:ASND
as can be seen on the hourly chart ASND is in an uptrend
recent earnings were a good beat,
RSI is quite high and it is at one than one STD above
the multi-session VWAP.
ASND is on watch for a pullback to find an entry
as it has high upside.
CLVS signs of Life? Break outAfter following this since hit flat lined at .81 cent I saw clear cut signs of accumulation and break out. Right at the end of the option chain cycle. Which ended today. The fact that it jumped to above a $1 on this day shows to me that its serious about bouncing off the bottom. Otherwise it could have just stayed below $1 until after today. It jumping above a dollar today means someone lost money or that they dragged it so far down that even if it came up it didnt matter..... Now we have a full month in this option call to run. does it go parabolic? or does it re-accumulate from here to inch its way back up?
i marked two key areas in blue for when obvious change tot he price action can happen.
by iCantw84it
06.17.22
7/17/22 LLYEli Lilly and Company ( NYSE:LLY )
Sector: Health Technology (Pharmaceuticals: Major)
Market Capitalization: $315.073B
Current Price: $331.60
Breakout price: $334.70
Buy Zone (Top/Bottom Range): $314.00-$292.90
Price Target: $364.20-$367.50 (2nd)
Estimated Duration to Target: 112-120d (2nd)
Contract of Interest: $LLY 10/21/22 350c
Trade price as of publish date: $13.50/contract