Discover and read the best of Twitter Threads about #niftypharma

Most recents (3)

Important: πŸ›‘πŸ›‘πŸ›‘πŸ›‘πŸ›‘πŸ›‘πŸ›‘

Dr Reddy's Laboratories reported a drop in the June quarter net profit where market was expecting something great in contrast!
This caused a downward slide for nifty 50 and sensex today.

#DRREDDY
#niftypharma
#nifty
#sensex
#Investment
#invest
(1/n)
The pharma giant also said that it received a subpoena from American market regulator Securities and Exchange Commission πŸ›‘πŸ›‘πŸ›‘πŸ›‘πŸ›‘πŸ›‘πŸ›‘for production of documents concerning Commonwealth of Independent States geographies.πŸ›‘πŸ›‘πŸ›‘πŸ›‘πŸ›‘

#niftypharma
#DRREDDY
#Investment
#invest
(2/n)
D matter may result in govt enforcement actions against D company in D US n foreign jurisdictions. It may lead to "civil and criminal"sanctions under relevant laws.πŸ›‘πŸ›‘πŸ›‘

Hopefully market will not be affected.
NOT a recommendation for educational purposes only.
#DRREDDY
#crash
Read 3 tweets
1⃣ stock should do good accumulation near all time high or 52 weeks high.

Ex - #routemobile & #crest
2⃣ stock should be low market cap (less then 20k Cr.) & low free float.

Ex - #smslife
3⃣ stock should face least resistance after breakout. ( Or not face major hurdle after BO)

Ex- #uttamsugar
Read 6 tweets
The Pharma sector has been in a strong downtrend after the high of Apr'15 and has been falling in a channel. The first attempt to break out was in Sep'18 but failed. Another attempt is in progress now after the stock retested 61.8% of the entire rally from Mar'09 to Apr'15. 1/n Image
Will we see a breakout this time? No one knows, but the probability to breakout is clearly on the higher side after looking at last month's candle & the reversal level at 61.8% fib. What can one do? Start a SIP in one of the pharma funds & allocate a % depending on ur risk. 2/n
Cipla retraced 50% of the entire rally and reversed from trendline and horizontal support levels too. Awaiting breakout #CIPLA #trendlines #investing #fibonacci Image
Read 9 tweets

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