on 15 min tf , sunpharma is forming a flag....these type of charts usually gives a good move on the upside
but this can be also traded on the downside if the price breaks the trendline downside
wait for retest
keep a target of 0.8 or 1% of the stock......
Stop Loss 524, Target 533, 536 for Intraday.
Stock has broken trendline and looks good to touch the resistance zone of 535-536.
Go long for tomorrow if opens flat or small gap up.
P.S. If stock opens huge gap up kindly ignore the trade as set up will be ruined
Consider for long only 30 minute candle should close above 14880.
These days market is very volatile and set ups are ruined because of gap up/gap down so wait for proper levels before entering into any trade
Indian Oil Corporation has formed triple top and now tested the support zone thrice in last 4 months.
If stock breaks 90 then aim for targets of 88.25, 87.50 & 84.50 next week
On the other hand if stock bounces from support and breaks 92.50 then aim 94.70, 96.70 and 97.50 in next wekk
P.S. --- This stock is not good for Intraday so consider only swing
Company: Intec Pharma LTD
Buy Target : $6.90 (original hold) $7.25 Second entry
Sell Target: $30 EOY ,
Description: Intec Pharma Ltd., a clinical stage biopharmaceutical company, focuses on developing drugs based on its proprietary Accordion Pill platform technology in Israel. It's Accordion Pill is an oral drug delivery system that is...