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Viewing report
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Alpha India Late Economic - Lupin Head and Shoulders
Orpheus Capitals, Oct 2011, Pages: 6
Healthcare shorts
The chart below illustrates the top performer Indian Healthcare stocks. These were selected from our CNX 500 list and are all above 90% rankings. The top performer Healthcare stocks and therefore the best potential shorts are LUPIN, CADILA HEALTHCARE, DIVI’S LAB and SUN PHARMA. The market bias is neutral for the day as NIFTY continues to hold previous minor supports at 4,700 levels. We need a break sub respective supports to confirm further minor negativity ahead. On the other hand, the alternate view suggests a bounce from current supports and another leg up till 5,200 resistances. LUPIN Daily. Potential head and shoulders reversal pattern. Prices look ready to break neckline supports at 465 levels. Our targets lie at 450-430 levels.
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