SHILPA MEDICARE CHART LOOKS GOOD...SHILPA MEDICARE CHART LOOKS GOOD..
ITS A CUP AND HANDLE PATTERN BREAKOUT...
IN 1 DAY FRAMING CHART....
CMP : - 513
TGT : - 542 , 610 ++
SL : - 470
SHILPAMED trade ideas
Shilpa Medicare looking good on chartsShilpa Medicare stock view
Sustaining above 470 can take this stock further upside
Keep an eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Head & Shoulder in the making !!Buying interest can be seen through volume. Stock is forming head and shoulder pattern. Targets post-breakout from the neckline is mentioned.
Can be bought when there is bullish closing above 462 for a possible target of 491/518/544.
Note: Educational purpose
Inverted head and shoulder developmentThe stock looks good above 463 level (let it sustain over it for sometime) for positional targets of 492 and 519
Shilpa Medicare Head & Shoulder PatternShilpa Medicare Head & Shoulder Pattern : due to covid pharma sector is booming once again , focus pharma stocks.
SHILPA MEDICARE - INVERTED HEAD & SHOULDERSShilpa Medicare was in a downtrend since August 2020. The counter tested its lowest price on 19th March 2021. Thereafter the counter experienced a pull-back with a small correction. The price gave breakout on a daily chart today on 20th April 2021. This breakout was supported by increase in the volume. This price behaviour has formed the Inverted Head & Shoulders price pattern. Here, I anticipate the price target of Rs.480. I suggest the Stop Los at Rs.396 to be followed for the first four daily candles starting from 21st April 2021. Thereafter the profit booking/ exit decision should be taken on downward crossover of 26 EMA by 5 EMA.
NOTE: This idea is an attempt to predict future price movements. Investment decision based on this idea, if any, shall be at the sole risk of the investor.
SHILPA MEDICARE - Breakout - Retest Inverted Head and Shoulder Pattern formed long with a Breakout from a Falling wedge.
Simple price action analysis.
SHILPA MEDICARE TL break for Swing NSE:SHILPAMED Levels are Mentioned in the chart... Look for Swing
Note:
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Shilpa Medicare looks good for new highs Shilpa Medicare looks to start Wave 3 and shall make new highs soon at CMP 345/-. Study would be invalid below 300/- on closing basis.
At Support Buy if holds!!SHILPAMED is at support zone. Buy for targets of 392/492 & beyond.
SL below 346 CLBS
Shilpa Medicare This stock can touch the target when it keeps its buying line intact. We can buy it when it keeps the buying line intact. And the supporting range can be our stop-loss
Short term resistance at 461.If resistance is crossed then the scrip will turn bullish. Entry can be made by 22nd January if it remains above 465 on closing basis.
Buy ShilpaMed Shilpa Med formed Falling wedge pattern and Gave Breakout on 9th Dec. also it might move back to pre-gap level i.e. 550 in near term.
entry level 490
Target 550 - 585
Stop loss 465
Time : 15 to 20 Days
Overall indicators are also Positive as on 10th Dec 2020
SHILPA MEDICARE 1D CHART Made a double botttomPlease enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
