Lincoln Pharma Wedge Breakout+Bullish flag Pattern with breakout good volumes Can look for short term tp 280 and medium to long term 332-337 Can average on support of 200-210 only for positional players Kindly motivate us by giving likes so we can bring more profitable setups Disclaimer : Only for educational and learning purposes.
With the surge in volume, this stock is clearly a hot pick for positional trade. The only concern is that it has back to back green candle with a higher high and higher lows which mean that there is a chance of retracement in the stock. So either you can pick the stock while it retraces or can be taken in few quantities and do averaging while it retraces. As it is...
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Lincoln Pharma has given a Wedge breakout on the daily chart. Also given rounding bottom breakout on smaller time frame. Delivery volume confirms the same. All oscillators are indicating a continuation of bullishness. We expect price movement till 270, 285 in the near term. Also, expect a target of 310 as a wedge pattern breakout target.
buy above 221 for target around 250 positionally
As can be seen the price is trading above the cloud after the recent up move, and is stronger than the index. However being in ASM can be a drag. It is suggested to be added on dips.