Wedge Pattern Breakout and Re-TestStock Analysis: Cadilahc has broken the wedge pattern currently on retest level good buy around immediate demand level with below demand level as stoploss for the given target
Let's see
Happy Investing!
Cadila
CADILA Healthcare price at Trend Line Supportprice at support and holding will check tomorrow if price hold or not
will take position when volume comes
CADILA Healthcare became rocket after USFDA approval#CADILAHC has received tentative approval from the USFDA to market Carbidopa and Levodopa extended release capsules and stock became rocket and break the level 400 that was strong resistance. Currently stock closed above 400 level.
Showing Bullish result in Technical Parameter:
CCI in overbought zone
RSI crossed above 70
MFI crossed above 80
Stoch in overbought zone
Making higher high since 3 days
DI+ treading above DI-
New Long position
----------------------------------------------------------
Resistance : 410 & 420 & 433
Breakout : 406
LTP : 404.90
Breakdown : 399.75
Support : 390 & 385 & 374
----------------------------------------------------------
Positive & Negative Point:
1) Very Bullish in Daily/Weekly/Monthly chart.
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
Cadila Break outBullish and waiting for Cadila breakout... we might see on or after results on 5th Aug'20
R-0085 Cash Buy CADILAHC @ 373 - 374 SL 369 TGT 383Intraday Cash Buy CADILAHC @ 373 - 374 SL 369 TGT 383
It already has MACD cross over alongwith TK and good volume
R-0061 A Cup and Handle Pattern in Cadilla HealthcareBuy above Rs 381 for a rally to Rs 425 and above that to Rs 470. Keep a stop below Rs 360. Have the willingness to hold this trade for several weeks.
On the weekly time frame (left pane) Cadila Healthcare is showing a pause just below the 50 percent retracement. The MACD oscillator is in a buy mode as weekly trend as shown by MACD histogram is above zero and in trending state. On the daily chart (right pane) we see a very well defined Cup and a handle pattern. Price is breaking out of this pattern. The MACD is giving a buy signal.
R-0048 Short Term Option Buy CADILAHC JUL CE 380.00@14-14.2 SL 8Short Term Stock Option Buy CADILAHC JUL CE 380.00 @14-14.2 SL 8.9 TGT 25 or you can buy FUTURE..good chart pattern cross over and good volume.
CADILA FUT BUY CMP TGT 380 AND SL 363
Short term positional trade on CADILAShort term positional trade on CADILA , you can keep 1 week vision ahead for it buy future or buy in cash
just keep in mind keep SL below entry level
happy trading all the best like and follow me for more updates.
Cadila - breakout setup - towards 350Cadila has seen breakout from 1 month consolidation pattern, and if sustains above 327 - 330, then it is probably heading towards 345 and 350.
CADILA - towards 315- 300Stock has been trading in a descending triangle range and range is broken on the downside and stock is probably heading towards 315 and 300 levels
The only missing part here is a rising volume, but not of a great worry as stock can still fall without much volume and risk reward ratio is also in favor of the trade.
I already timed the trade using 15 min chart.
My stop loss was at 332 and now moved to 329.
Initial target is 320 and then 315 and if stock reaches 315 and still showing signs of weakness, trade can be pyramid there.
Do not Follow Blindly, do your own research please.
