PFIZER trade ideas
BREAKOUT IN PFIZER INDIAr1- resistance 1
r2- resistance 2
t1- target 1
t2 - target 2
only for educational purpose
PFIZER Long Why: Weekly Bearshirsh pattern break.
Risk:reward:-1:2
StopLoss:3970
Target:4180
Target2:4350
PFIZER - U SHAPE RECOVERY?Pfizer have very strong support at 3950
One can take long position with 3900 stop loss on closing for target of 5000
PIZER - SHARK - towards 3960There is a probability of shark pattern on PFIZER hourly Chart.
If it sustains below its is probably heading towards 3960 levels.
Analysis on PFIZER 12.09.2018
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 42.75
• Take Profit Level: 43.75 (100 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 41.80
• Take Profit Level: 41.00 (80 pips)
GOLD
Possible short position in the breakdown of the level 1191.00
USDJPY
Possible long position at the breakout of the level 111.65
USDCHF
Possible short position in the breakdown of the level 0.9710
GBPUSD
Possible long position at the breakout of the level 1.3090
PFIZERPerfect example of previous Resistance becoming current support!
Very bullish on PFIZER!
Dont miss the Third Entry around 2650/2700
Add half/half
Pfizer - Target 2700-2800 in 10 MonthsPfizer, probably the only pharma company in India that is going to make a new high. The pharma sector in India is in a bear territory for the last couple of years. Having found a stock in this sector that is yet to make a top is like finding light in the dark. It's good news for those who have significant exposure in this sector. It's not going to do much for them but something is better than nothing. But one must get rid of this stock as soon as it touches the level of 2700-2800, do not get optimistic when it does that. I repeat do not hold it beyond those levels.It will be too risky. When time is up, it's UP !
