ASTRAZEN forming a potential flag pattern in the daily time frame. it is a continuation of the previous consolidation breakout. if the breakout happens upper border of the flag above (5737) it will be a short-term swing trading opportunity.
All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be...
AstraZenecaa Pharma India Ltd is engaged in the business of manufacture, distribution and marketing of pharmaceutical products
The company is promoted by AstraZeneca plc, a multinational pharmaceutical and biotechnology company headquartered in England
The company offers pharmaceutical medicines under notable brands such as Brilinta, Forxiga, Crestor, Tagrisso,...
A weekly cup pattern breakout with substantial volume signals a significant market development. The breakout is particularly noteworthy as it follows a period of solid consolidation around the resistance area. This suggests potential upward momentum and could be indicative of a favorable trading opportunity.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
In the Weekly Chart of ASTRAZEN ,
we can see that; it has given breakout from Cup & Handle Pattern.
Let it retest.
Expected momentum is shown in chart.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers.
Stock is maintaining it's HH and HL structure and trading along the trendline. If stock breaks above trendline then we could see 3800-3900 levels and the sl can be kept at the trendline.
Go long if the stock breaks 3350 with volume.
Stop loss with the low of the 1 Day candle that breaks 3350.
Targets: 3500----3950----4250
#TradeTheTrend#TechnicalPick
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
please do your own analysis before buying any stocks.
buy some qty on breakout and rest on retest.
do comment any suggestions if want more analysis on any particular stock.
hope you like it (:
#keepitsimple
The sectors is not performing now so are the stocks. This has started its upward movement but stuck in its range. Let’s wait for a breakout with good volume and sectors rotation.
Inverse Head and Shoulder Price Pattern on Astrazeneca Pharma with pullback happening and if breakout the level of 3130 with descent volume then we can look for the target of 3709 level. Keep the stop loss at 3098. Great reward risk ratio of 18:1.
