Very Short term trade in Rossari BiotechBroken the trendline but not enough volume pick is visible. And the body of the candles are not that great. So entered with minumum quantity.
ROSSARI trade ideas
ROSSARI BIOTECH: BUY WITH A TARGET OF 1600ROSSARI BIOTECH looks good on the charts. About to hit a long term trend which has been a very strong suuport for the stock earlier. Fundamentally, the stock is pretty good and is making it's highest ever profits. With an ROCE=28% AND ROE=23%, it certainly is one of the best among it's peers. Good growth as well. I don't see any reason why it should not regain it's previous high level after attaining a support at the trend. Moreover, this area has previously been a resistance, represented by the horizontal line on the chart. Go for it, like and share if you like the idea. You can comment if you disagree, happy to hear out if your opinion differs. Thank you!
Rossari Biotech at SupportRossari Biotech is a fundamentally strong company and today it has tested its support level. The stock can give good gains from here if the support is followed. Keep on your radar.
Rossari Biotech - LongRossari Biotech - Long
Can bounce back from here.
Target : 10-12% - 1515
SL: 1297 (CB)
Can bounce back from here.
Rossari bio techGood buying opportunity in rossari bio tech in weekly time taking good support of trend line but CMP for the target of 1600
ROSSARI Res Breakout Risk Reward 1:2BUY CMP
SL-1375
TGT- 1585
TAKE MIN RISK REWARD 1:2
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ROSSARI : Huge Breakout with Volume!!NSE:ROSSARI has broken out after long consolidation. The breakout is supported by good volume. Stock has taken continuous support from the trendline and has also provided an ascending triangle breakout. Do not chase breakout wait for the stock to retrace to some extent before entering the trade.
DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
Rossari BiotechStaying Above 1450 can give Breakout in the stock , 30-35% upside can be seen in the stock with Good Volumes
Oscillators showing Positive Sing of Stock moving upward.
Rossari BiotechTaking good support at 1300 level
Add small qty at Cmp 1395
More above All time high day closing.
SL closing below 1300
ROSSARI BIOTECH LOOKS GOOD FOR SWING TRADEcurrently forming a flag pattern near channel pattern (support)
targets mentioned
entry lvl 1338
ROSSARI #StockMarket #StockIdeas #StocktoWatch #StockToBuyROSSARI Biotech -- Positional Bet
Recent Qtr good investment seen from FIIs and Institutional
After Consolidation zone, good breakout with volume today
Buy 30% At CMP and add more after it will retrace
Target Minimum of 1450--1500+++
SL for short term keep 20MA on closing basis if breaks
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Strict SL to be followed in Every trade
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Refer Chart for detailed Entry
My trading system explainedEverything has been explained thoroughly in the chart. If you have a comment related to price action/Fibs/Trendlines it will not be replied to. This is meant to be a tutorial for semi-systematic traders only.
I have hidden my Keltner channel indicator to reduce an already cluttered chart but it has a very important place in my trading system. I hope to explain it as well.
Rossari Biotech LtdView are my personal please consult your financial advisor before taking any trade.
