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Rising Wedge

Rising Wage Pattern Breakout - Retesting on ProcessGland Pharma is involved in the business activities of Manufacture of medicinal substances used in the manufacture of pharmaceuticals: antibiotics, endocrine products, basic vitamins; opium derivatives; sulpha drugs; serums and plasmas; salicylic acid, its salts and esters; glycosides and vegetable alkaloids; chemically pure sugar etc.. The Stock broke out a rising wage pattern with good volume. The Stock has corrected from 3500 levels to retest its breakout levels. RSI has also settled and hovering around 60 levels. The Company is one the best among pharma sector with no real peers in the Indian Market. The Company is debt free with string Balance Sheet. The Company posted excellent results for last quarter of FY 21 with an increase in EPS and Sales of 27% and 40% YoY respectively. Mutual Funds and FPI are holding around 22% stake in the Company. Accumulate around 3100 levels after bounce. For Targets and SL refer chart. Feel Free to share your feedback and queries. Do visit my profile for earlier posts and follow me so that u don't miss any other upcoming posts.
NSE:GLANDLong
by mastermukund4
NIFTY | Rising Wedge Pattern 🎯⭕ Intraday Trading opportunity ! 5 Min Chart Alert !!!⭕ --Short Below =14357 or CMP --Target = 14271 | 14207 --Stop-loss = 14397 --R:R =3.72 --lot size =75 --Expected Profit = 150 Points ( 1% ) = 11K per lot --Expected Holding = 1-2 Days only #ThankU For Checking Out Our Content , We Hope U Liked It 🎈 ====================================================== ⭕Technical Reasons to trade or Strategy applied :- ⭕ 1) Rising Wedge Pattern 2) Safe Traders can wait for breakdown 3) Targets are based on pattern height & Support area 4) Sentiments is still down _________________________________________ ------------5 min Chart-------------- ---------30 Min chart --------------- Why to follow............. #TradeTheTip ? 📍No junk in our charts 📍Follow-up updates till the end 📍Detailed Price Action Analysis 📍10+ years of experience 📍Accurate S&R Levels 📍Covering Swing , Short-term & positional trading 📍Educational content ---------------------------------------- Regards, TradeTheTip ------------------------------------------ DISCLAIMER Alert :- ❌ All Post are for Educational Purpose Only. ❌ Analyze your own before Considering mine. ❌ Know your RISK & HOLDING capacity. ❌ TradeTheTip is not responsible for any of your profit/Loss. ------------------------------------------------------ Guys check out the related POST as well, it went FANTASTIC ! 🙏FOLLOW for more ! 👍LIKE if U find it useful ! ✍COMMENT your views & feedback !
NSE:NIFTYShort
by ReviveTraders
3