Friday, 25 May 2018

WEEKLY STOCK TO TRADE FOR 28 MAY-01 JUNE 2018: CADILAHC


BUY CADILAHC ABOVE 381 TGT 390/420 SL 360
FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>>
Market summary 24 MAY 2018:   BSE MidCap and SmallCap gained 1.55% and 1.17%, respectively. All the sectoral indices on BSE, except consumer durables, ended in gains led by oil and gas (3.05%), metal (2.20%), utilities (1.76%) and auto (1.70%). BEML Ltd shares were up 1.70% to Rs949. Castrol India Ltd shares traded 5.83% higher to Rs172. Ceat Ltd shares rose 3.85% to Rs1350 IFCI Ltd gained as much as 9.79% to Rs18. Jain Irrigation Systems Ltd gained as much as 6.33% to Rs104.ONGC, Tata Steel,
IndusInd Bank and Yes Bank were among the top gainers, whereas Coal India, ITC, SBI and TCS were among the major losers.
                   Cadila Healthcare Limited is a pharmaceutical company. Primary trend of the CADILAHC is bearish and After showing correction from the higher level 558, now CADILAHC is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing the resistance level of 390 at 55 EMA. as the stock is managing to sustain above the  55 EMA.  It is likely to continue the positive movement with the breakout of the resistance levels of 400 AND 420 at 200 EMA. 200 days moving averages seen as a strong RESISTANCE level at 420 with the RSI of 49.  After breakout, One may get the targets of 390,400,430 in the stock with the stop loss of 360.
DAILY CHART FOR CADILAHC


No comments:

Post a Comment