In 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...
The stock has given a trendline breakout and looks good positionally above 2530 level (on closing basis)
This is not a very high volume stock therefore take less qty.
Learn & Earn,
Dr. Tanya Kumar
HESTER 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...
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...
The Trade is based on the following observations :
~ Broken a multi-year resistance with high volume.
~ Potential flag and pole pattern formation.
~ Sellers have very very low volume.
~ Retest candle is a Pin Bar Formation.
~ RR > 1:2.0
The chances of trade playing out are 75 % (premium members are already triggered) DO NOT MISS!
Hesterbio Sciences has today given a breakout from down trend line. The stock has been in the fall since hitting all time high of INR 2920 in May 2021.
I am relatively very new to Stock Market and am publishing purely for educational purposes.
The Resistance drawn in the chart need to be recessed before entering in any trade.
HESTER BIO SCIENCE,DAILY LINE CHART
STUDY AND INVEST ,not a buy recommendation
CHART LOOKS GOOD,
CURRENTLY STOCK PRICE Moving through a short term descending channel the trendline ,200 DAY MA is immediate support .STUDY THE FUNDAMENTALS ,Watch concalls and investor presentation for more idea about future plans of the company.
HesterBio looks good for a move above 2547 for targets of 2867, 3018. Price had broken out of a parallel channel on 12th Aug 2021 with huge volumes & is sustaining above the channel indicating further buying pressure. Levels mentioned in the chart. Thank you & trade according to your risk appetite.
If you like the idea, check out my other charts as well.
