Dear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:SMSLIFE with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:SMSLIFE
Holding Time Frame: 90-120 Days
Entry Point: 495-500
Stop Loss Point : 450
Target Point:...
Good structure in SMS life
Breakout after 3 years almost
good volume in BO
BUy at CMP or wait for retest
good support near 885-840
weak below 690
Market Cap--₹ 302 Cr.
Promoter holding--67.8 %
FII holding--0.04 %
This post is in continuation to the earlier trade in same scrip which we managed to observe from 620 to 880 in few session. The stock has since retraced to lower level. The link to that idea is added at the bottom.
Here without considering the upper shadow of the candle the triangle breakout could give you a possible target of 800+160 =960 based on length of the 2...
NSE:SMSLIFE Levels are Mentioned in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational...
SMS life science has been doing quite well for some time now. After the earlier gapups formed back to back in Sept 2020 , the gaps were filled subsequently and it has been forming a type of penant. The numbers are going to be announced on 7th of june i.e tomorrow and caution should be maintained if the trade is executed. A good chance that the stock should...
