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HESTER BIOSCIENCES LTD.HESTER BIOSCIENCES LTD.HESTER BIOSCIENCES LTD.

HESTER BIOSCIENCES LTD.

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HESTERBIO trade ideas

HESTERBIO's Chart: Breakout, Retest, and Harmonic PatternsIn this analysis, we will explore HESTERBIO's weekly chart, focusing on the breakout, retest, and the potential completion of Bat and Butterfly Harmonic Patterns. We will evaluate the potential trading opportunity for HESTERBIO based on these technical signals. Let's dive into the analysis. Chart Analysis: The TradingView chart for HESTERBIO provides insightful technical insights that could influence the stock's price action. Breakout and Retest of Falling Trendline: HESTERBIO's weekly chart showcases a significant breakout of the falling trendline, followed by a retest of this breakout level. This pattern can signal a potential reversal of the downtrend, indicating a shift in market sentiment and the possibility of a bullish move. Potential Bat and Butterfly Patterns: The chart indicates the potential formation of both Bat and Butterfly Harmonic Patterns. These patterns are known for their potential reversal signals based on Fibonacci ratios. The completion levels for these patterns are projected around ₹2114 and ₹2117, respectively. If these patterns play out, they could suggest a potential bullish trend continuation. Trading Opportunity and Target: Considering the breakout, retest, and the potential Harmonic Patterns, an appealing trading opportunity may be emerging for HESTERBIO. Traders might contemplate initiating a long position at the current market price (CMP) of ₹1770. It's important to note that the suggested stop loss at ₹1622 is designed to manage potential risks. The target for this trade is set at ₹2114, aligned with the potential completion of the Harmonic Patterns. This level could serve as a potential price target for traders. Conclusion: The technical analysis of HESTERBIO's weekly chart points toward a possibly bullish scenario for the stock. The breakout, retest, and the potential completion of Bat and Butterfly Harmonic Patterns suggest the potential for upward momentum. Traders may consider entering a long position at the CMP of ₹1770, with a stop loss set at ₹1622 and a target at ₹2114. As with any investment decision, exercise caution, conduct thorough research, and consult a financial advisor before making trading decisions. Furthermore, closely monitoring the stock's price action and implementing effective risk management strategies is essential for trading success. Tags: #StockMarketNews #TradingOpportunity #InvestingTips #BullishBreakout #ProfitPotential #MarketInsights
NSE:HESTERBIOLong
by yaashul
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalHESTER BIOSCIENCES Strong financials, stock taking good moving in a range. Seeing recent Volume, it may break its strong resistance and trend-line, which it tested many times. Script is making lower highs and lower lows, trading in symmetrical triangle pattern, in a range in daily time frame. Buy positionally above 2530 trendline breakout. First target will be 2630 which is also 50% fibo level. Resistance zone is from 2600-2660 levels, so good level to enter full is 2670 level on candle closing basis. for swing stoploss below 2400 after breakout positional stoploss below 2250 Note: This is not any buying call, shared for education purpose only.
NSE:HESTERBIOLong
by Jordan_n-
watch for trendline breakout buy above 2530 (trendline breakout ) in intraday and swing safe level day candle close above 2670 stock is making lower highs and lower lows (symmetrical triangle characteristics) and also tranding in a range on daily timeframe. for swing stoploss below 2400 after breakout positional stoploss below 2250 Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:HESTERBIOLong
by stockkar
2