Tuesday, September 28, 2010

PHARMA SECTOR Technical View for 29 September

GLAXOSMITHKLINE Technical View


Glaxosmithkline is trading bullishly. The stock has strong closing and trading close to the resistance level of 2170. So above the resistance level of 2170 the stock may continue the uptrend to the level of 2200 in the near future.


STERLING BIOTECH Technical View


Sterling biotech has long term sideways trend. The stock is now looking good and facing the resistance level of 120. So above the resistance level of 120 the stock may continue the rally to the level of 125+ in the short run. The stock has good support level of 114.75.


PIRAMAL HEALTHACARE  Technical View


Piramal healthcare is in sideways trend and also trading in a range of 500-520. So buying on the support level of 500 and selling on the resistance level of 520 will be good strategy in the stock.


AUROBINDO PHARMA  Technical View


Aurobindo pharma has made high of 1090 and since then trading with the negative sentiments. The stock has immediate support level of 1040 below which if the stock price sustained then some more correction may be seen in it. The stock has resistance level of 1060 in the short run.


FORTIS HEALTHCARE Technical View


Fortis healthcare made high of 171.65 and since then trading with the negative sentiments. The stock has immediate support level of 160 below which if the stock sustained then some more correction may be seen in the stock price.

No comments:

Post a Comment

 
Required Required
+91
 Required
Google Analytics Alternative