A bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:SHALBY
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing...
Introduction: Shalby Limited (NSE: SHALBY) and Stock Exchange Information (BSE: 540797) is India’s leading multi-specialty hospital operating a chain of 11 tertiary hospitals with an aggregate bed capacity of over 2,000 hospital beds. It is one of the top hospitals in joint replacement surgery in India. Shalby is the number one player worldwide for knee...
Shalby NSE:SHALBY has given a Bullish Inverted Head & Shouldwe Brekout. Breakout Level already tested.
So one can look into it to make bullish postion. Entry@128, Target@141 and StopLoss@123. Stop should be followed on weekly closing basis NSE:SHALBY
SHALBY
Buy-Above 130
Sl-112
T-155 165 180
Short Term To Mid term
SHALBY has been in correction phase since last 7 months. On 4th April the stock has given trendline breakout of the whole correction phase. Suggesting some kind of retracement of the down move. Stock has made double bottom and the neckline is also tested. Stock is good in Short term to mid term.
