Strides Pharma (Star Pharma) - Bullish Structure Intact

ProfitPattern1 Updated   
  • Strides Pharma has consolidated horizontally since May'2018 to August 2020. (nearly 15 months)
  • It has given a breakout in August 2020 and since then sustaining the price above the previous consolidation area.
  • Recently it tested 594 and made a Wolf Wove Analysis Pattern where clear entry was made at 602. (please refer this pattern in chart below in comment)
  • It looks like stock is completing its Pullback structure of recent breakout move.
  • If price sustains, it can be a good pick for positional buy trade. Those who bought at 602 (on Wolf Wave Analysis) may remain in trade.

Comment: Monthly Chart

Comment: Weekly Chart
Comment: Daily Chart
Comment: Wolf Wave Analysis - Hourly Chart
Comment: Wolf Wave Analysis
Entry was at 602.
Target was 700+
So, Wolf Wave Analysis Pattern Target is already achieved! Bust stock looks good on higher time-frame too and more churning can be made in it.


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.