his stock looks good; it has the potential to break out above 240. If the stock experiences a breakout, the targets will be 261, 288, and 333 or higher. You can consider adding now, especially during dips near the breakout level.
NATHBIOGEN
Time frame- DAILY
*Entry - 172
*Stop loss - 164
*Target - 198
*Short term - medium term
*Reason- trend reversal, Strong RSI.
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
#technicalanalysis #technicalanalyst #swingtrading #swingtrader #fundamentalanalysis...
Financials of the company are supportive, Profit earning every quarter is fruitful, Stock about to break consolidation in 15-20 days
Go for 15% - 20% in 3 months.
On the weekly chart, the Share holds a major support level at 310 with good volumes. If he holds it and momentum continues as per the chart then it going to test again at 440 levels in the near future. Also, On Bolling Bands whenever share bounces back from the bottom it rally towards the upper limit.
Short term target is 365 from the current level
Long term...
The stock is showing some very interesting price action despite the sector being quiet in the last few days. A Gap up opening one day before earnings. Notice the massive volume clusters during the rounding bottom formation. It broke out of long time resistance on very high volume and followed through with absorption volume. Came back on low vol to test the...
Can move to 580. Inverse Head and Shoulder Pattern on weekly with closing above EMA 200 is strong place for an upmove. This will be subject to the market moving up else could have a reversal as well. As per looks of the chart, it can move up significantly. Its risky trade so please have strict SL.
