The Magic Pill breaks out retests & confirms 1st target for FY
Trade Targets for Financial Year 2024 - 2025
1. Rs. 1,354/- being Inverse Head & Shoulder target. Breakout and retest done, trade idea is active.
2. Rs. 1,678/- being the parallel channel breakout target. Idea will be active on stock price closing above ATH.
Stop loss will be close below 928.
Disclaimer: I am fully invested in this one and cautiously optimistic of Q4 results to be declared at the end of May. As the USFDA final conclusion on Kothur plant is still being awaited and that warrants caution in the short run.
1. Rs. 1,354/- being Inverse Head & Shoulder target. Breakout and retest done, trade idea is active.
2. Rs. 1,678/- being the parallel channel breakout target. Idea will be active on stock price closing above ATH.
Stop loss will be close below 928.
Disclaimer: I am fully invested in this one and cautiously optimistic of Q4 results to be declared at the end of May. As the USFDA final conclusion on Kothur plant is still being awaited and that warrants caution in the short run.