WOCKPHARMA has made M pattern and given breakdown which indicates further down move.
Levels mentioned in charts are the important points where one can look for short signals and take entries accordingly.
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Indigo is taking support at its swing low. The trend is upward. Though RSI is showing Class B Bearish divergence, I have a long bias as the trend is up and because of the Indian Election favourable exit poll.
Closing Price 628
- The stock is at important levels and we try to analyse different possible scenarios and how one can plan their trade.
- we are looking at 4 possible situations and accordingly one can plan their Trading strategy:-
- In case of dips look to buy in the zone of 618-607 levels for target of 662 / 682 initially.
Stock has made a double bottom kind of formation and stock has bounced back from its major support level of 2580. Stock looks good to go long for a target of 2713/2760/2807/2874 with positional stoploss below 2600. Outlook week to a month.
Good to buy Lupin positional for a target of 788/794/806/812. Outlook 1 week to 1 month. Further upmove is possible once stock trades above 800 levels. Stoploss 750 on closing basis. It has taken support near 753 levels which is its long term support and bounced back. Closing below 750 stock may test 726 levels.
Short Term Buy Shree Cement on a dip around 15400-15500 with a SL of 15230 and targets of 15750/15900.
Adjust trading volumes as per entry price.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns....