Lupin head and shoulders

Mukul Pal ·

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.

Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings of 0 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform.
Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. The signals are illustrated through tracker and running portfolios. Alpha can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades. Alpha is a part of the time triads analytics developed by Orpheus Research.
Coverage India: CNX100 traded stocks and Indian Indices.

Michesan Anna-Maria, Head of India Research. Anna discovered her interest of markets immediately after completing her graduate studies in Economics. She followed it up with post graduate studies in corporate finance. A host of research work in behavioral finance, option strategies and quantifying market sentiment followed. Anna covers Indian equity and combines Elliott, Time Fractals and Time Analytics to deliver accuracy across time frames. To review some of her work, check out the annual India accuracy report 2009.