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 - 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.
Since out previous analysis came out right here is STAR (Strides Pharma) in a wider time frame i.e. weekly frame. STAR is forming a double top on and is most likely to fall. What do you say? Trade wisely...
Buy in dip with sl below 810 for target of 1080-1150. For buy and hold keep sl of 710 for target of 1350+ Disc : it's not an investment advice to buy or sell
The chart is a mixed combination of Break of Channel pattern + Support & Resistance + Rising Wedge pattern. A breakdown from wedge pattern with a good upper wick retesting green candle in 30Min + 15Min chart. Risk: Reward is as high as 3.34 Aggressive traders can short now as I have with strict stop-loss. Risky trade !! "Risk hai tho ishq hai :P" ~Can contact...
IT GAVE 5 Yr Old Trend Line Breakout On Weekly Time frame Possible Target 1090 Soon, Hold Above 920 ! Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only !