PFIZER trade ideas
PFIZER Awaiting a Breakout from a Cup and Handle Pattern.
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I heard that this stock has invented the vaccin aganist covid, with 90% success during 3rd phase resulting in 11% jump on their strock price in EU markets.
I suppose that it would perform the same on Indian markets as well.
Entry: 4925 ( gap up possible)
SL: 4884
Exit: 5088 ( key resistance however I expect it to breat the resistance)
Pfizer cup and handle pattern formed in daily time framecup and handle pattern formed in the daily time frame
prices may consolidate till the US elections and then it may boom
considering the price action
Pfizer should be a heavily bullish stock
but beware of the consolidation zone in the white lines
trade wisely