NSE:STAR   STRIDES PHARMA SCI
63 views
4
63 6
Buy - 1035-45
T - 1190
SL - 1010
Risk:Reward - 1:5
Did you observed , Why price did fall back in the same area ?
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amitkourav shiv2798
yeah you were right. It broke the demand zone. Lets see if the one below it holds
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shiv2798 amitkourav
@amitkourav, look for reversal sign near 975 the low of large bullish candle
I think it may hold for a while before heading to 960 zone
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The area of 1035 which you marked is week , because the demand is not there , since it has already tested once on may 03 so i do not think still buying demand left , if the demand of buying is so strong then the stock would have left towards higher high on first test ,but stock failed to take off , its only small trader are buying in the anticipation but we need institutional buyers to buy so the stock can move ,again you can see the volume is confirming the demand is not strong , still lets wait and see what happens
Regards
Shivakumar
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amitkourav shiv2798
@shiv2798, Thanks for reviewing the idea. Should we look forward to the zone below it, around 960?
Reply
shiv2798 amitkourav
@amitkourav, yes I believe we should look and there has to be reason to buy , that is institutions buying ,
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