BIOCON: Paralell Channel BO
تم تحديثه
Yesterday Nifty was almost flat, traded in tight range and closed at around 19570, down by almost 26 points. One sector in this market is still shining even after a good rally in the past and that is 
CNXPHARMA
BIOCON One of the contituent of Pharma index with market cap of INR 32794 Crore and it also holds the weightage of 2.36% in Pharma Index, rallied to INR 273.15 or 4.50% yesterday and given a parellel channel Breakout. As the Parma index is also trading near all time high, so i am expecting the bullishness to continue in the pharma sector.
Now, going ahead one can can create a bullish postion at cmp of 273.15 or below with stop loss of 272 on DCB for the tragets of 280/288.
Exit the position if the stop loss is triggered on DCB.
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Post your comments and queries.
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
CNXPHARMA BIOCON One of the contituent of Pharma index with market cap of INR 32794 Crore and it also holds the weightage of 2.36% in Pharma Index, rallied to INR 273.15 or 4.50% yesterday and given a parellel channel Breakout. As the Parma index is also trading near all time high, so i am expecting the bullishness to continue in the pharma sector. Now, going ahead one can can create a bullish postion at cmp of 273.15 or below with stop loss of 272 on DCB for the tragets of 280/288.
Exit the position if the stop loss is triggered on DCB.
If you agree with the idea then hit the airplane icon and don't forget to follow me to get all the latest updates.
Post your comments and queries.
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
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