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Analysis Report #SUNPHARMA

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Stock Analysis : Sun Pharmaceutical Industries Ltd. Overview : Sun Pharmaceutical Industries Limited ( NSE: SUNPHARMA, BSE: 524715 ) is an Indian multinational pharmaceutical company headquartered in Mumbai, Maharashtra that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) primarily in India and the United States. The company offers formulations in various therapeutic areas, such as cardiology, psychiatry, neurology, gastroenterology and diabetology. It also provides APIs such as warfarin, carbamazepine, etodolac, and clorazepate, as well as anticancers, steroids, peptides, sex hormones, and controlled substances. Technical View : Sun Pharma is cracking 7-8% from 563 to 515 ahead of the US FDA inspection scheduled in next few days. No One knows what’s the outcome. However Technically, the overall structure of the charts is weak. Stock has broken an important support 540 joining the rising trend-line support from l...
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Analysis Report : Crude Oil

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Analysis Report : Crude Oil Overview : Crude oil is a raw material for the petroleum products. It is the third highest traded script in the world. Majorly crude is produced in gulf countries. India is the one of the highest importer of crude oil. So, due to any variation in crude prices Indian stock market gets impacted. Technical View : From last 3 days prices of crude oil is going up along with the rise in volume. On daily chart, crude made a bottom at near 3000 and take a reversal. Since then it is making higher highs and higher lows and moves in uptrend. Recently it gives breakout. On CRUDE MCX chart 4,350 is looking as a strong resistance. Since from 10/6/2016 crude continuously traded below this level. This level act as a long term hurdle for the script. On weekly chart if it closes above this level successfully then 5000 will be on card. Above 4330 crude can touch 4830 / 5000 in upcoming days . Good for - Reliance Industry, ONGC and other oil drilling a...
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Dan Zanger’s 10 Golden Rules

1. Make sure the stock has a well formed base or pattern. 2.Buy the stock as it moves over the trend line of that base or pattern and make sure that volume is above recent trend shortly after this "breakout" occurs. Never pay up by more than 5% above the trend line. You should also get to know your stock's thirty day moving average volume. 3.Be very quick to sell your stock should it return back under the trend line or breakout point. Usually stops should be set about $1 below the breakout point. The more expensive the stock, the more leeway you can give it, but never have more than a $2 stop loss. Some people employ a 5% stop loss rule. This may mean selling a stock that just tried to breakout and fails in 20 minutes or 3 hours from the time it just broke out above your purchase price. 4.Sell 20 to 30% of your position as the stock moves up 15 to 20% from its breakout point. 5.Hold your strongest stocks the longest and sell stocks that stop moving up or are acting sl...
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