STAR Positive Divergence WeeklyPositive Divergence seen forming on the chart of STAR : Strides Pharma SCI. Fall below 311.00 will invalidate the view. While upside may be seen upto first resistance of 460.00 levels. Purely for educational purpose. Study the concepts of divergence thoroughly and then apply the study with strict stop loss and Targets. Keep Learning
Strides
NSE:STAR Trading in a range near key Support levelNSE:STAR
#NSE:STAR reached to key support level, stuck between 308-326, breaking these levels may expect good momentum.
All possible levels marked on chart, Observe and levels and share your experience.
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STAR LOOKS WEEK | Add it to your Watch ListMany pharma stocks looking week from few days. Lets focus on STAR.
STAR below 400 looks bearish but Let it break the 395 level.
If it breaks that line with good volume then we can see the target of
Target1- 389
Target2- 379
Target3- 364
Mark this level on your chart!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!
Strides Pharma trade setupLeg a,b,c has satisfied the characteristics of a triangle,this is most probably a triangle. Assuming this as a triangle, leg d will be completed at some 500 level. After leg d is completed, it can be a great opportunity to short for leg e of X/B. after completion of leg e and X/B it can be great opportunity to go long till the wave 4 completes. Keeping probabilities in mind and considering that this is not a triangle, we can assume that leg X has been completed instead of leg c of a triangle, then leg d can be a leg a of Y of 4, which can be still a great opportunity to short for wave b.
If a triangle forms, then most probably, it will form a EX-flat structure of wave Y (just smaller degree of wave 4).
All the targets, SL and entry point will be in smaller time frame keeping internal waves in mind.