HESTERBIO
watch for trendline breakout
buy above 2530 (trendline breakout ) in intraday and swing
safe level day candle close above 2670
stock is making lower highs and lower lows (symmetrical triangle characteristics) and also tranding in a range on daily timeframe.
for swing stoploss below 2400 after breakout
positional stoploss below 2250
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Hester Bio || Pin Bar/Hammer Candle Formation || RR 1:2The Trade is based on the following observations :
~ Broken a multi-year resistance with high volume.
~ Potential flag and pole pattern formation.
~ Sellers have very very low volume.
~ Retest candle is a Pin Bar Formation.
~ RR > 1:2.0
The chances of trade playing out are 75 % (premium members are already triggered) DO NOT MISS!
Hesterbio Breakout after downtrend since MayHesterbio Sciences has today given a breakout from down trend line. The stock has been in the fall since hitting all time high of INR 2920 in May 2021.
I am relatively very new to Stock Market and am publishing purely for educational purposes.
The Resistance drawn in the chart need to be recessed before entering in any trade.
HESTER BIO SCIENCE,DAILY LINE CHART HESTER BIO SCIENCE,DAILY LINE CHART
STUDY AND INVEST ,not a buy recommendation
CHART LOOKS GOOD,
CURRENTLY STOCK PRICE Moving through a short term descending channel the trendline ,200 DAY MA is immediate support .STUDY THE FUNDAMENTALS ,Watch concalls and investor presentation for more idea about future plans of the company.