Best stock to buy for short term on this Monday ( 29 may 2023 )
#PPLPHARMA
💠 The stock has been corrected more than 60% since listing.
💠 After digesting listing move, the stock formed triangle pattern( consolidation zone) on daily TF and broke it out successfully.
💠 Apart from the technicals, the company performed better than expected in its recent quaterly results declared on 24 may.
💠 Fresh long positions can be initiated here around 82-83 with the stoploss of 76.5.
💠 Our expected targets are 93 - 106 and above.
💠 Holding period: 2 weeks to 8 weeks.
💠 The stock has been corrected more than 60% since listing.
💠 After digesting listing move, the stock formed triangle pattern( consolidation zone) on daily TF and broke it out successfully.
💠 Apart from the technicals, the company performed better than expected in its recent quaterly results declared on 24 may.
💠 Fresh long positions can be initiated here around 82-83 with the stoploss of 76.5.
💠 Our expected targets are 93 - 106 and above.
💠 Holding period: 2 weeks to 8 weeks.