Pattern: Flag Pattern
Breakout Zone: Above ₹927
Structure: The stock is consolidating in a narrow flag after a strong impulsive rally. EMAs are positively aligned; price respecting 20 EMA.
Momentum: RSI > 60 with MACD crossover supporting trend continuation.
Plan:
Buy Trigger: Close above ₹927
Stoploss: ATR-based (~₹900)
Targets: ₹990 → ₹1,030
View: Momentum and EMAs supportive; fresh breakout could lead to trend continuation in Pharma sector.
Breakout Zone: Above ₹927
Structure: The stock is consolidating in a narrow flag after a strong impulsive rally. EMAs are positively aligned; price respecting 20 EMA.
Momentum: RSI > 60 with MACD crossover supporting trend continuation.
Plan:
Buy Trigger: Close above ₹927
Stoploss: ATR-based (~₹900)
Targets: ₹990 → ₹1,030
View: Momentum and EMAs supportive; fresh breakout could lead to trend continuation in Pharma sector.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.