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Author: nikkiroy Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 68  
Subject: Support and Resistance for Pharma Sector Stocks Date: 6/26/2010 10:03 AM
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FORTIS HEALTH CARE

Technical View

The stock is moving in the uptrend and now faces the resistance at the level of 158. An uptrend rally is only possible once the stock crosses the level and stays above it. In the downside it has a support level of 151 crossing of this level will test the level of 146. The stock is looking good from the long term point of view and a level of 170 is looking feasible once the resistance level is crossed.

BIOCON

Technical View

The stock is continuing it long term trend and now facing a resistance at the level of 129 and above this the rally seems to be continuing. The stock has a major support level at 319 and below this the support level of 315.85 is there. Today also the stock price unable to cross the resistance level and fall from there and took a support around 119. So the following level can be utilized in making decision.

WOCKHARDT

Technical View

The stock price closed at138.35 below the opening price. The stock moving in the uptrend and facing a resistance at 144, above this level an upward rally will be there and a level of 150 could be there in the short run. The stock has support level of 135.50 and the next support level of 132 in the short run.

AUROBINDO PHARMA

Technical View

The stock is in the downward trend from the last few trading and the current support level of 853 is tested today and the stock price closed above it. The stock has next support at the level of 847. So some more downside can be seen in the stock once the price fall below this level. The stock is sounding technically weak and will be attracting if the price stays above the support levels.

DR. REDDY

Technical View

The stock faced resistance at the level of 1500 and price fall from there, above that the next level will be 1520 if the trend is continued. Looking at the solid fundamentals and good future earning the current level can be crossed by the stock. It has a support level at1460.

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