My recent trade analysis have gone pretty well. There is lot of noise around which wants us to believe that market is going to crash but at least till now I cannot see any signals like that.
So here I have found a stock, that has formed a W bottom pattern which is a bullish pattern, has good long volumes, and delivery data is also convincing.
Shilpa Med formed Falling wedge pattern and Gave Breakout on 9th Dec. also it might move back to pre-gap level i.e. 550 in near term.
entry level 490
Target 550 - 585
Stop loss 465
Time : 15 to 20 Days
Overall indicators are also Positive as on 10th Dec 2020