#ASTRAZEN (D):- CMP 2966.8 Looks Good above 3050/3100 For More Upsides :)
will buy ASTRAZEN because : It has been taking support at the trend line . It has touched the support and has not been able to break it. So will be looking at buying opportunities. If it breaks the support look at shorting. Entry : 3116 Target : 4700 Stop loss : 2880
Here is my educational analysis for ASTRAZEN . I followed a simple support and resistance strategy for previous weeks. On daily basis this stock shows a bull flag momentum strategy and creating a new support zone . Do share your feedback on this analysis as that will help me to tune my study further. I don't use any pre-built indicator because it is too confusing...
YOU CAN WAIT FOR A BREAKOUT OR TAKE A LONG ENTRY WITH MINIMUM RISK. STRICT STOPLOSS MUST BE FOLLOWED. ONLY FOR EDUCATIONAL PURPOSES. ALWAYS FIX THE STOP LOSS (MUST BE LOGICAL NOT BLINDLY) BEFORE MAKING IN ANY TRADE - TO SURVIVE IN THE LONG RUN. Thank You Very Much, Love You So Much. Annaji Sharma :-)
PREDICTED BARS OVER NEXT FEW WEEKS TREND CHANNEL WITH RESISTANCE AND SUPPORT 4-6 PERIOD EMA CROSS UNDER SIGNAL BEARISH DIVERGENCE ON WEEKLY