Pfizer Ltd on a daily chart stock price this week has
given a breakout of Cup and Handel pattern, and price is trading near the
breakout, indicate bullish rally has been resume. Also this week price has
bounce back from the 20 DMA, indicate price is well placed above the support
level. Momentum oscillator RSI has more room left on upside, which add more
bullishness for the stock price.
If one were to go by the volume data, a
higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 2014 for the target of Rs. 2114/2150 levels, with
Rs.1963 stop loss on closing basis.
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