Strides Pharma, Star setup about to breakoutOne Simple Horizontal Line Setup
-Posted great growth results, everything is improving.
-Pharma sector seems strong as it is also near breakout zone.
-That red wick on election results day seems so good, fell with market but cop up fast and took support at 200 ema n come back in good zone again and,
Good shakeout of 100 ema too.
-Yesterday gave squat too (went above horizontal line and close below, taking out weak players)
Overall good setup and a strong stock, buying above previous day high (pdh)
Note: no buy/sell recommendations at all.
Stridespharma
Trying to forget downtrendChart -> Strides Pharma Daily
After a brief downtrend, the stock is trying to create a base with a triangle formation breakout and volume.
CMP: 345
Targets: 389, 414
Good range: Around 333
SL: 310 Daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Triangle breakout in STARChart -> Strides Pharma Daily
Strides Pharma in daily time frame has given a good symmetrical triangle pattern breakout with a volume pop-up too.
CMP: 351
Targets: 390, 400
SL: 330
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
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.
Hi Friends,
For the past few days i was not able to share any charts due to technical error from TV.
Many of you reached to me with the medium available in my signature column down to this chart.,
Wish No gap has been created with this issue. I request all my friends to reach me when ever u feel I can help u. Only for market LEarning.
Accumulate, Hold for Long term Excellent Opportunity to buy the stock. Strides revenues in Q4FY21 grew by 47% YoY to Rs.908 cr during the quarter with sales growth in the regulated markets and emerging markets.
I have entered around the 770 mark as Investment and plan to hold for long term
Chart study, not a call
Strides Pharma Strides Pharma - Cmp 787.70
The stock looks good on weekly chart to go long. Keep it on radar for any reversal confirmation. 755-740 is a good support area. Possible targets 820/895/950.
Reason:
1. Hammer candlestick formation at the bottom of a downtrend.
2. Hidden bullish divergence wrt RSI.
3. Favorable risk reward as near support area.