Date : 17-03-2024 Buy BROOKS above 122 Target of 136-143-151-158-165-175-182-190-197-204-220-250 SL 90 Strategy : Bottom Pick + Reversal Confirmed Duration few Months Please consult your financial advisor before investing All research for educational purposes only.
A good entry would be at on a daily candle close able the neck of double bottom.
BROOKS LABORATORIES as per daily chart analysis stock Above 106 for a Target 114
CMP - 120.60 (Breakout & Retest done) SL - 97(DCB) Target - 126, 132, 142, 154, 189, 244, 301, 336 Reversed after correcting 36% from the top.
Rallies in the pharma space doesnt affected Brooks lab much, But company is already made prominent fundamentally changing decisions ,yet to reflect in the books . Will they become another HIKAL??
Brooks Laboratories Ltd is a pharmaceutical manufacturing company primarily working on contract basis. -------- On Weekly Chart Rounding Bottom is there, Try to play rounding bottom breakout only Strict SL to be followed, and invest low in this script -------------- Enter if sustain above 125 level Keep SL of 110/100 levels look for target of 140/150...
STOCK IS SUPPORT AT 50 Rsi on monthly chart.....
.....After consolidating about 6 months between 100 and 110 breaking out now..............
Seems started moving towards 135 and eventually 190 in the coming weeks!!! So, chances of doubling from the current level....