guptaaditya24

Shilpamed: Targeting 640 to 717 in a swing with tight SL of 620

Long
NSE:SHILPAMED   SHILPA MEDICARE
Hello Traders,

My recent trade analysis have gone pretty well. There is lot of noise around which wants us to believe that market is going to crash but at least till now I cannot see any signals like that.

So here I have found a stock, that has formed a W bottom pattern which is a bullish pattern, has good long volumes, and delivery data is also convincing.

It can be traded as follows:-

CMP, Entry price: 640,
Target: 717
SL: 620

Happy Trading!

Disclaimer: My trading ideas are primarily for education purposes. Please do your research carefully before investing.

PS: I am not invested in this stock and neither I will be trading this idea.