Cadila Healthcare: Will The Bullrun Continue?

CADILA HEALTHCARE Daily NSE Stock Chart Technical Analysis:

Cadila is on a high since a long time.  The price has constantly risen since early 2009.

Close & CMP: 840

Market Outlook:

• The price could make a downward correction this week.
• There is a chance that the price might have hit its upper limit, or might take some time to return to its upward journey again.
• If you have a long position on this stock, then be on an alert for any possible loss in value.
• If you were planning to take a long position, wait.
• In fact, there could be an opportunity to go short in this week itself.
• Cadila का भाव पिछले दो साल से बढ़ता ही चला है.  पर अभी अभी का एकदम आया हुआ उछाल संदेहशील है.  अभी एक- दो दिन देखें फिर ही खरीदें.  और अगर खरीद चुके हैं तो नज़र रखें की अगर यह शेयर नीचे जाता है तो बेच कर प्रोफिट ले सकें. 

Technical Indicators:

• The price made a Three White Soldiers candlestick formation and is now sideways since the past two days.
• This sudden spurt in price after such a long rise does not seem very promising, and it could make a tower top formation.
• The price has climbed above its upper bollinger band, and could possibly fall back.  The price has taken support on the upper bollinger band since last two days.
• There is also a chance that Cadila's bull run could be nearing an end.  Keep a close eye on this one to avoid any possible losses.

All posts related to Cadila Healthcare

  

CADILA HEALTHCARE Daily NSE Stock Chart Technical Analysis