126 views
Strides Pharma - Cmp 787.70
The stock looks good on weekly chart to go long. Keep it on radar for any reversal confirmation. 755-740 is a good support area . Possible targets 820/895/950.
Reason:
1. Hammer candlestick formation at the bottom of a downtrend.
2. Hidden bullish divergence wrt RSI .
3. Favorable risk reward as near support area .
The stock looks good on weekly chart to go long. Keep it on radar for any reversal confirmation. 755-740 is a good support area . Possible targets 820/895/950.
Reason:
1. Hammer candlestick formation at the bottom of a downtrend.
2. Hidden bullish divergence wrt RSI .
3. Favorable risk reward as near support area .
Comment:
1st target done. Made high of 844 today.