SHILPAMED: 70% Pullback Creates a Buying Opportunity


  1. Stock: SHILPAMED

  2. Entry Price: 345.00

  3. Stop Loss: 315.00

  4. Target: 430.00

  5. Trade Duration: 45 to 90 days


  • SHILPAMED is an uptrending stock that has corrected almost 70% from its high level.
  • It is currently trading on support and today's daily candle is showing a bounce back.
  • Volume activity is good, which suggests that there is institutional interest in the stock.
  • The risk-to-reward ratio of this trade is favorable.

Trade Plan:

  • Enter the trade at 345.00.
  • Place a stop loss at 315.00.
  • Take profit at 430.00.
  • Keep the stop loss intact and trail it time to time.


If SHILPAMED closes above 345.00 today, you could enter the trade tomorrow at 345.50. Place a stop loss at 315.50 and take profit at 430.00. As SHILPAMED moves higher, trail your stop loss up to protect your profits.

Risk Management:

This trade has a potential risk of 8.7% (345.50 - 315.50) and a potential reward of 24.5% (430.00 - 345.50). This gives a favorable risk-to-reward ratio of 2.8:1.


This is not financial advice. Please do your own research before entering any trade.


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.