7-STAR
STAR CEMENT GOING TO HIT AGAIN 131 SOONOn the weekly chart, the Share was near to an important resistance level on a closing basis. if he holds it and closes above 115 then it going to test the next level 131 in the near future as per the chart and diagram shown above.
Short term target is 121 from the current level
Long term target is 131/140 in 3 to 6 months.
Strides Pharma 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.
STARNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
STAR shortStar pharma today gave a trendline and head and shoulder breakout with good volumes. Rsi also standing at 42 and below 40 it will become outrightly bearish and a good shorting candidate. Macd also made a bearish crossover confirming our entry also backed by 9/21 ema crossover too.
Happy shorting:)
STRIDES PHARMA is in SHORT Sell zoneThe chart is a mixed combination of Break of Channel pattern + Support & Resistance + Rising Wedge pattern. A breakdown from wedge pattern with a good upper wick retesting green candle in 30Min + 15Min chart.
Risk: Reward is as high as 3.34
Aggressive traders can short now as I have with strict stop-loss. Risky trade !! "Risk hai tho ishq hai :P"
~Can contact me at +91-9789598340 (whats-app only)
STAR is Making Descending Triangle Pattern (Breakout Trade)Strides Pharma Science Limited : Pharmaceutical Company ( NSE:STAR ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
STAR is Making Symmetrical Triangle Pattern (Breakout Trade)Strides Pharma Science Limited : Pharmaceutical Company ( NSE:STAR ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma