Biocon trade setup 27th November 2023 (Language Hindi)A short two minute overview of Biocon and levels to watch. Before taking any trade please do your own research. This is only an insight from us thank you
Pharmaceuticals
IPCA LABSHello & Welcome to this analysis
The outlook has been down from quarterly, monthly, weekly & daily chart study.
Its been in a 2 years downtrend, now near a support but yet to give any reversal confirmation. If this level of 700 fails to hold the next major support comes in at 600.
Overall its a wait and watch stock even from a bounce back point of view
ADMP money $want it to stay above ~1.47 level here for the micro. if it resolves to the bullish over the previous high, then looking for 2 to 3 for short term target
not financial advice
ADMPBullish on this penny off the low. Not sure if we have more correction. though the low was in at .48 which is still a possibility but close to invalidating
ADMP Correcting StillStill think we have another low in this correction. Looking around ~.75 area right now. Will turn more bullish if breaks through ~1.15
VRTX - UP and Up and UPHi traders,
I have picked another market for today´s analysis. Our best shot for today can be VRTX (we just have to wait for the entry bar).
It´s a pharmaceutical company that increased the price of its stock during the Coronavirus crisis. If we compare the price with the SPY market and take the correlation into the consideration we can see that VRTX has more power to the upside than the whole Stock Market (SPY).
Correlation - negative or positive - is an important part of portfolio management. If you are LONG in 100 markets that correlates closely to the SPY, it´s almost the same as opening one big position in the SPY market. Be careful!
Good trading.
Jakub
FINEIGHT
MNK: DEAT CAT BOUNCE OPPORTUNITYMNK is dead or almost dead. Often times there is a dead cat bounce in stocks like these, as 'everybody' gets the same idea to throw some money at it.
This is a high risk scenario but with potentially good risk to reward ratios.
Disclaimers : I've clearly said this is high risk. This not advice to trade in securities. I am simply showing what may happen from a perspective of speculative opinion only. Your losses are your own if you enter a trade on this. Kindly sue yourself if you lose your money.
