Multiple EMA Strategy Buy and Sell signal is mainly the big Green and Red triangles, please use the 4 hour time frame or 3 Day for more accuracy. If there is any discrepancy please let me know. I'll correct them. Thank you.
STAR trade ideas
Strides Pharma Science Ltd - Multiyear Breakout returns -2-3X !!The price consolidation for last 9 years gave a breakout which retested the breakout levels and going upwards. The price may move to give high returns in coming time.
Technically Multiyear breakout (double bottom) and may rise the price to give multibagger return after short consolidation.
Stock details
Sector: Pharma
Theme play out: CDMO ( Contract Development and Manufacturing Organization)
Technical analysis details
Accumulation Zone= 1350-1675
Low-risk entry price = weekly closing candle >1675
Stoploss = 1235 (weekly closing for less risk takers)
Stoploss = 1000 (weekly closing below- high-risk takers)
Target 1 = 2000
Target 2 = 2500
Target 3 = 3000
Target 4 = 4500 (Time frame ~ 1-4 years)
Positives
FII holding = 30.08%
DII Holding = 18.24%
sales are increasing annually
CDMO theme
Negatives
Promoters sold their holding 4.67 % for the last 3 years
Promoters pledge to hold 49.2%
Debt > reserves
Disclaimer: This analysis is just for educational purpose; nothing is guaranteed;
STRIDE: Multi-Year Breakout: Monthly : Month ending Aug-24STRIDE: Multi-Year Breakout: Monthly Timeframe: Month ending Aug-24
Price, Volume, RSI, Timeframe of breakout & Timeframe of analysis
Stock broke its all-time high (1323.15) it made in Nov-15 and closed above in the month of Aug-24
Volumes in the month of Aug-24 was NOT above the 9 SMA
RSI in the month of Aug-24 (86.10) is above 60.
A multi-year (8+ years) breakout on a monthly time frame
The stock has broken the highs it made in Aug'24 in Sep-24 and is currently (08-Oct-24) trading above the highs it made in the month of Sep'24
Numbers
Breakout analysis High (Jan-08) = 1323.15/-
Drawdown (marked on chart) = 1055.15/-
SuperTrend (Sep-24) = 891.94 is positive
ATR (Sep-24) = 136.31
Low made in the last analysis time frame (Sep-24) = 1250.55
Entry / Exit
Entry = Close of 08-Oct = 1443.80/-
Target = Breakout level + Drawdown during consolidation phase = 1323.15 + 1055.15 ~ 2370
Stop Loss = 1 ATR below previous candle's (Sep'24) low = 1250.55 - 136.31 ~ 1110
Risk:Reward = 2.77:1
Exit criteria = Reaches Target || Supertrend turns negative || Price goes below 18 EMA
Additional Notes
This is probably not the best trade. The stock did not breakout with good volumes
I also expect the stock to retrace back to its breakout levels. It has been breaking it's previous months high for last 4 months starting Jun'24.
Entering the trade anyways since it seems to be breaking out from a double bottom pattern on a monthly timeframe
Stride PharmaForming double top pattern in monthly chart.It has crossed the level from 2015 so it is on the verge of breakout.So keep it in ur watch list an grab the opportunity. Here I'm sharing with u monthly chart.
Strides Bullish view - Swing tradingReasons for trade.
1. Breakout on daily chart. Feb 2017 high breakout.
2. Entry at hourly chart after breakout and retesting.
This is not a financial advice. I am still learning the concepts of Stock market. Do your analysis before taking any trade.
STAR - Swing trade analysis - 19th JulySWING TRADE
STAR Looking good for upside
CMP 952.70
Buy around current levels
Target 1000
Strides Pharma / Star Date 21.07.2024
Strides Pharma
Time frame : Day chart
Bullish pole & flag could keep the upside momemt continue, wait for the price to exit flag & trail stoploss
Broke 9 Year Old Resistance With Strong Momentum:- Don’t Miss It
Multi-year Breakout & Positive Results
The stock has given an upper trend breakout and consolidated for 2 months before starting its next rally. Technically, the stock looks very strong and is expected to show good momentum in the future.
The company is focusing more on the USA and emerging countries like Kenya and other African countries. This strategy is promising because many companies that focused on emerging markets became multibaggers. Additionally, the company's balance sheet is also improving.
Strides Pharma, Star setup about to breakoutOne Simple Horizontal Line Setup
-Posted great growth results, everything is improving.
-Pharma sector seems strong as it is also near breakout zone.
-That red wick on election results day seems so good, fell with market but cop up fast and took support at 200 ema n come back in good zone again and,
Good shakeout of 100 ema too.
-Yesterday gave squat too (went above horizontal line and close below, taking out weak players)
Overall good setup and a strong stock, buying above previous day high (pdh)
Note: no buy/sell recommendations at all.
STAR - Strides Pharma multi year breakout attempt!After consolidating and moving sideways for years now with the momentum it's showing great traction for upward movement! Keep a watch. The fib should guide the targets which will keep extending on the basis of closing.
Strides Pharma Monthly TrendlineStrides Pharma moved like Bull and now BO given on Monthly chart invest for multifold returns
STAR 1:8+ RR trade set up1. Set up: Big rounding bottom pattern
2. RR: 1:8+
3. SL: Follow on closing basis
4. Trend bullish
5. Confirmed Breakout
STAR (Strides Pharma) - Head and Shoulder Pattern in MonthlySTAR (Strides Pharma) - Watch out for a multi-year breakout in STAR (Strides Pharma) in the monthly timeframe with a beautiful Head and Shoulder pattern.
Good Time To Buy PE Options Of STAR...NSE:STAR
Star Has been in a downtrend for a long time it's good time to start shorting as there are no hopes for big runs. Earnings also are calling and charts do not look good as well
Amazing swing trading idea for 14 Feb Markets I daily make educational content videos for swing / positional trading.
STRIDES PHARMA1. Entry - 755
2. Target 1 - 796.50
3. Target 2 - 957
4. SL - 704
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
STAR BO [Weekly]STAR BO on weekly timeframe with a large base, This BO if sustained should become a new support. Pharma as a theme is doing decent so definitely should be kept in the watchlist.
Strides pharma retest after BOStrides pharma looking good and retest done today bullish candle wll confirm it with volume SL 470
Keep Watch on Strides Pharma.Strides Pharma looking bullish. Strides Pharma consolidating since last 8 years. And probably it may break pole and flag pattern on monthly chart (3rd attempt to to break descending Triangle).
Breakaway Gap 📌Breakaway Gap
✅Keep on Radar
STAR
+ Continuation Pattern BO
+ Validated with Volume
+ Above Key EMAs
Bullish Alert !!📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Wedge Breakout And Retest.
📌 Symbol/Asset: STAR
🔍 Description: Pattern Breakout !!
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Strides - 200WEMA BreakoutA stock that has been underperforming since a long time.. The promoter has guided to fix the company and take it forwards. Its biggest problem was debt and its been on a path towards debt reduction.
ALong above 475 with a stoploss below 450.
The stock has just crossed above the 200WEMA which is often a key level for a reversal.
