STAR trade ideas
[Intraday] STAR Weekend lvl8 Short TradeShort if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
STAR..can it be ROCK STAR?Bullish Engulfing.. closed just below 200 dma..
breaking above can test 520s
Note: this is my personal view only..
entered today at 465.
STAR about to ShineSTAR above 470 will be good for 484, 493 and 502 and more
support is seen at 450 levels
follow the Fib levels
Short & Long This scrip is moving down slowly , the one who has patience can go short , and stay with it putting stop to brake even after move away form the short selling level ,
and cover your shorts and Go long after seeing strong bullish candle formation , and Look to book the long near forecast area
Strides Pharma trade setupLeg a,b,c has satisfied the characteristics of a triangle,this is most probably a triangle. Assuming this as a triangle, leg d will be completed at some 500 level. After leg d is completed, it can be a great opportunity to short for leg e of X/B. after completion of leg e and X/B it can be great opportunity to go long till the wave 4 completes. Keeping probabilities in mind and considering that this is not a triangle, we can assume that leg X has been completed instead of leg c of a triangle, then leg d can be a leg a of Y of 4, which can be still a great opportunity to short for wave b.
If a triangle forms, then most probably, it will form a EX-flat structure of wave Y (just smaller degree of wave 4).
All the targets, SL and entry point will be in smaller time frame keeping internal waves in mind.
STAR Bullish SetupStrides Pharma(CMP 476) Given Breakout on Daily Charts..
Positionally looks good to test 490/500/520/550/600..
SL 420
Holding Period 1-2 months
Uptrending STARIn addition to details on Chart
-> MACD uptrending
-> Trendline Breakout
Lets see if this runs past 612
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