ERIS - BreakoutThe price has been consolidating since August 2024, forming a triangle pattern. It has now broken out of the triangle, presenting an entry opportunity with a stop-loss placed below the large green candle.
ERIS trade ideas
ERIS Lifescience Promising Pattern.
Good pattern, good volume and a good candle.
Entry from cmp - up to 1450 range.
Risk 12% from CMP.
Reward 25%
RR: 1:2
This is just my view. Please do not treat this as a Buy/Sell Recommendation.
ERIS Breaking RangeSL Day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
ERIS :: Buy for 1500 targetSymmetrical Triangle break!!
Accumulation range :: 1340-1350
Stopless :: below 1300 on closing bases.
Target :: 1490-1500 (1:2 Risk:Reward)
elliotwaves study ERIS LIFESCIENCESof the 5 waves corrective wave 3-4 and impulse 4-5 is pending. the final cycle in this stock can be expected to be complete by Jan2029 as it is cyclical in nature. We can confirm as long as wave 4 doesn't cross wave1.
The company is a leading player in the domestic branded formulations market. It is the youngest among the top 20 companies in the Indian Pharmaceutical Market.
The company focuses on branded generics, with 85% in chronic and 15% in acute segments. It offers drugs across various therapies, including anti-diabetes, cardiovascular, dermatology, gastroenterology, gynecology, and anti-infective
Eris Life Sciences - Long for target of 878 , 1000 , 1197On Monthly chart Eris Life has created Cup and Handle pattern
Possible targets
T1 - 878
T2- 1000
T3 - 1087
T4 - 1197
SL - 600 on monthly closing basis
Multiyear Breakout possibleTesting the same level a third time after 2018 and 2021. Wait for Breakout
Rising Wedge Breakout in ErisEris having rising wedge pattern breakout. Stock could see upside till 1225 in coming days
ErisBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
ERIS Long BO ReadyDate : 31-05-2024
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Breakout Ready Stock
ERIS Looks Good ABOVE 959
SL 839
Target 1013, 1067, 1120, 1228
Hold few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
ERIS - worth studying this setupNSE:ERIS
cmp 994
ERIS has given weekly close aboce 972.
look set for the upmove from here.
any dip towards 950 can be used for adding more
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Eris Lifesciences Ltd Analysis on 28 Feb 24Eris Lifesciences Ltd Analysis on 28 Feb 24
50 and 20 EMA cross on monthly timeframe
Positive supertrend
Cup and handle pattern formation
Try to buy on dip till 830
Add 50% now
Stoploss 760
Target 900 - 980 - 1050 - 1100 - 1150
Cup and handle pattern Target
1250
ERIS LIFESCIENCEERIS made perfect breakout & Retest on Weekly TF now stock is ready for further move after stuck in range of 6-7 years
KEEP ON RADAR
eris lifesciences, cmp 8821. All time high/resistance breakout and retest
2. Expecting 500 points from here.
3. Do your research.
ERISERIS
cup and handle formation on weekly time frame..retest at this 860 level ..support of trendline and ema 50
RSI taking support at 40 value on daily time frame and weekly and monthly rsi above 60...
good formation for buy
Note:- Education purpose only.. not advice to buy.
BullishWill buy tomorrow aour 840-860 with stop loss below 780.
Disc : It's not an investment advise to buy or sell
ERIS has given ATH monthly breakout!Eris has beautifully broken ATH with a cup and handle pattern in monthly time frame.
Targets can be 1200, 1500+. One can enter at CMP and add some qty at 850
SL is below 780 weekly closing basis.
Idea shared for educational purposes only
Eris LongTaking this trade during following reasons as per marked entry and exit:
1. Chart Pattern – Cup and Handle.
2. Volume – Price with big volume and breakout
3. RSI – Taking support at 50
4. Moving average – Crossing 200 SMA
5. Entry at Blue line, Stop loss as Red line and Targets Green line
Consolidation Base Breakout-It is engaged in the business of manufacture and marketing of pharmaceutical products.
-Market Cap₹ 11,569 Cr.
ROCE16.7 %
InstHold24.5 %
-Consolidation Base Breakout.
-Rising Relative Strength.
-Breakout with 23% Relative volume.
ERIS Long SetupStock is rising along with trend line and Weekly RS is also on increase. RS may cross zero with breakout happening above 800-820 price range of stock. It could be rewarding in coming days if breakout happens and price continue to rise above 800 price level.
BREAKOUT, ERIS LIFESCIENCE, 42% RETURNSBUY - ERIS LIFESCIENCES
CMP - Rs. 745
Target - 1: Rs. 853
Target - 2: Rs. 940
Target - 3: Rs. 1060
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Timeframe - 6-8 months
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Technicals - Bullish Flag
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This is just a view by an expert analyst, please invest at your own risk.
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ERIS Lifesciences LtdEris Lifesciences Limited - long term
Cup & handle pattern
Entry and exit are marked in the chart
It is just my view
