SUN PHARMA closed the week on negative note losing around 5.30%.
As we have mentioned last week, that support for the stock lies in the zone of 530 to 535 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 510 where the stock has taken multiple support in the month of November-2017 and December-2017. During the week the stock manages to hit a low of 505 and close the week around the levels of 507.
Support for the stock lies in the zone of 500 to 510 where the stock has taken multiple support in the month of November-2017 and December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 470 to 475 where the stock has taken support in the month of September-2017.
Resistance for the stock lies in the zone of 520 to 530 where Fibonacci levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 to 560 where short & medium term moving averages are lying.
Broad range for the stock in the coming week can be 470 – 475 on lower side & 535 – 540 on upper side.
Dr Reddy closed the week on negative note losing around 4.50%.
As we have mentioned last week, that minor support for the stock lies in the zone of 2140 to 2160. Support for the stock lies in the zone of 2030 to 2080 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. During the week the stock manages to hit a low of 2095 and close the week around the levels of 2130.
Support for the stock lies in the zone of 2030 to 2080 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 2200 to 2230. If the stock manages to close above these levels then the stock can move to the levels of 2300 to 2350 where short, medium & long term moving averages are lying.
Broad range for the stock is seen from 2000 – 2050 on downside & 2250 – 2300 on upside.
Lupin closed the week on negative note losing around 4.90%.
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 750 and close the week around the levels of 764.
The stock is in strong downtrend and support levels are not holding. Support for the stock lies in the zone of 750 to 760. If the stock manages to close below these levels then the stock can drift to the levels of 715 to 725.
Resistance for the stock lies in the zone of 780 to 790 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 845 to 850 where break down levels and short term moving averages are lying.
Broad range for the stock in coming week can be seen from 720 – 730 on lower side & 800 – 810 on upper side.
CIPLA closed the week on negative note losing around 1.80%.
As we have mentioned last week, that support for the stock lies in the zone of 570 to 575 where long term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 550 to 555 where the stock has formed a bottom in the month of February-2018. During the week the stock manages to hit a low of 568 and close the week around the levels of 571.
Support for the stock lies in the zone of 550 to 555 where the stock has formed a bottom in the month of February-2018. If the stock manages to close below these levels then the stock can move to the levels of 520 to 525 where long term Fibonacci levels are lying.
Minor resistance for the stock lies in the zone of 580 to 585. Resistance for the stock lies in the zone of 595 to 605 where short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 625 to 630 where the stock has formed a double top.
Broad range for the stock is seen in the range of 550 – 555 on downside & 610 – 615 on upside.
MORE WILL UPDATE SOON!!
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