SUN PHARMA closed the week on negative note losing around 1.00%.
As we have mentioned last week, that minor support for the stock lies in the zone of 565 to 570. Support for the stock lies in the zone of 545 to 550 where break out levels and short & 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 530 to 535 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 511 and close the week around the levels of 570.
Minor support for the stock lies in the zone of 558 to 562. Support for the stock lies in the zone of 545 to 550 where break out levels and medium & 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 530 to 535 from where the stock broke out after consolidation.
Minor resistance for the stock lies in the zone of 575 to 580. Resistance for the stock lies in the zone of 590 to 600 where the stock has formed a top in the month of July-2017 and January-2018. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620 from where the stock has broken down in the month of May-2017.
Broad range for the stock in the coming week can be 550 – 555 on lower side & 600 – 610 on upper side.
Dr Reddy closed the week on negative note losing around 2.10%.
As we have mentioned last week, that resistance for the stock lies in the zone of 2170 to 2220 from where the stock broke down from the December-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 2300 to 2350 where Fibonacci levels and short & medium term moving averages are lying. During the week the stock manages to hit a high of 2234 and close the week around the levels of 2167.
Minor support for Lupin closed the week on negative note losing around 2.20%.
As we have mentioned last week, that support for the stock lies in the zone of 800 to 805 where the stock has formed a bottom in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 780 to 790 where the stock has formed short term bottom. During the week the stock manages to hit a low of 796 and close the week around the levels of 808.
Support for the stock lies in the zone of 800 to 805 where the stock has formed a bottom in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 780 to 790 where the stock has formed short term bottom.
Minor resistance for the stock lies in the zone of 820 to 830. Resistance for the stock lies in the zone of 845 to 850 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 875 to 880 where Fibonacci levels are lying.
Broad range for the stock in coming week can be seen from 770 – 780 on lower side & 840 – 850 on upper side.e stock lies in the zone of 2120 to 2140. Support for the stock lies in the zone of 2000 to 2050 from where the stock broke out on weekly charts. If the stock manages to close below these levels then the stock can drift to the levels of 1900 to 1950 where Fibonacci levels and bottom for the month of August-2017 is lying.
Resistance for the stock lies in the zone of 2170 to 2220 from where the stock broke down from the December-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 2300 to 2350 where Fibonacci levels and short & medium term moving averages are lying.
Broad range for the stock is seen from 2050 – 2100 on downside & 2350 – 2400 on upside.
CIPLA closed the week on negative note losing around 2.50%.
As we have mentioned last week, that support for the stock lies in the zone of 595 to 600 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 570 to 575 where low for the month of December-2017 and long term moving averages are lying. During the week the stock manages to hit a low of 586 and close the week around the levels of 596.
Support for the stock lies in the zone of 595 to 600 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 570 to 575 where low for the month of December-2017 and long term moving averages are lying.
Resistance for the stock lies in the zone of 625 to 630 where the stock has formed a double top. If the stock manages to close above these levels then the stock can move to the levels of 645 to 650.
Broad range for the stock is seen in the range of 570 – 575 on downside & 620 – 625 on upside.
MORE WILL UPDATE SOON!!
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