Positive 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
Star is breaking the long term trend line and looking like a good buy if sustains above 384 for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE: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.
Hi Friends,
For the past few days i was not able to share any charts due to technical error from TV.
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The stock is in a high downtrend and would be weaker if starts trading below 470 for the marked targets on the chart with white lines until we see a close above 510.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Star analysis was shared 29 Aug when CMP was 603 . Told that it is going to hit 530 level. And that is the support area for the stock.
STAR
Buy - 525-530
Sl- 510
Target - 670 740
Stride Pharma has been taking strong support around 756 - 757. The 200-day ema is placed at 754, the stock may bounce from this level and is possibly a good buy with a favourable risk-reward.
Please trade at your own risk
Trading Genius.
Stop Loss 822
Target 1045
Chart Pattern Rectangular Channel Breakout
Check Volume
Check out daily @OptionsMove for daily market Gainers / Loser with Strength and Weekly Index Open Interest Position
Many 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...
Leg 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...
1) CNX Pharma on verge of breaking 1 year trendline
2) Making higher highs andhigher lows since jun 6
3) currency depreciation and new launches in usa market will give support to bottomline
