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.
weekly cup& handle pattern on Brooks Lab. Pharma sector. can run in next couple of month. Strict SL of 97. Risk reward ration looks perfect.
A good entry would be at on a daily candle close able the neck of double bottom.
Reason for long a) W formation b) Price and volume spurt in daily time frame
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....
Bullish broke out Resistance n retested