RPGLIFE trade ideas
Bullish on RPGLIFEAs per the 2 Hour Chart of RPG LIFE SCIENCES, we have witnessed a Formation of “Bullish Harami” on the chart.
Therefore, we are expecting a bullish momentum in RPGLIFE in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 615.50, 622.20, and 627.20. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 602.45, on closing basis.
Closing Price (as on 05.01.22) : 610
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Multi Year Breakout - Retesting Done (Keep Accumulating)Positional as well as Investment Pick !!
Excellent Fundamentals
Watchout for Resistance breakoutThe stock looks good above 727 level for first target of 750 and once broken can move another 3-4 percent positionally.
RPGLIFE: PULLBACKFresh Buy @CMP
TGT - 720 & 750
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
RPG Life Sciences- Positional RPG Life Sciences is showing a confluence of some important technical analysis patterns.
The analysis is based on the longer timeframe chart i.e. Weekly. This is more suited for positional trading or investment and each candle represents activity for a week.
ATH- the stock has broken the all time high of 1 January 2018 on 30 August 2021 and now taken off from the support of 610 levels with strong body, wide ranging bullish candle. While the volumes of 6 September 2021 were higher than average, selling pressure was met with strong demand as seen with the candle of 13 September 2021 with volume expansion followed by the candle under formation of 20 September 2021. Upper wick suggests presence of sellers and we will have to wait and watch how the candle closes at the end of the week.
Golden Cross- the 50 MA crossed over the 200 MA from below on 1 February 2021.
Rounding Bottom and Relative Strength- Volatality contraction cane be seen and Relative Strength against CNXPharma has started outperforming since 26 July 2021.
Candlesticks- 18 January 2021 onwards on big volume days, bullish candles are forming strong bodies and bears are unable to take price lower.
With a bird's eye view on the Fundamental side, the stock has a small equity of INR 13 Crore, zero debt, expansion in operating margins, increase in EPS and improvement in RoE at 20% approximately.
Risk - risk management is key in trading and investment. At this stage in the market cycle, an SIP or STP (systematic trading plan) approach helps in mitigating risk. Stop Loss could be midpoint of 30 August 2021 candle i.e. approx. 550. That is roughly 25% from CMP and would give the stock enough room to move for positional trades.
Disclaimer: I am not a registered investment advisor. Please consult your investment advisor for any buy/sell decisions. This post is shared with the objective of peer group learning and comments from experts.
Bullish RPGLIFEBuy = 587.9
SL = 552.15
TARGET = 695.15
Bullish RPGLIFE RPG Life Science
Buy for short term
RPG Life Science Cmp 612 dated 3.9.2021RPG Life Science Cmp 612 dated 3.9.2021
1. Parallel Channel BO @ 580
2. Volume increasing.
Buy for a tgt 665-735 SL 575
It is just a view, pls trade at your own risk.
RPG LIFE SCIENCES All tym HIGH Gave breakout and kissed All tym high with good volume , it may give more upside rally .
company fundamentals are good and considerable .
one may enter with stoploos of 590 for short term and 560 down on weekly closing basis . tgt open .
RPGLIFE #RPGLIFE (W):- 611.95 CMP, looks good for more upsides :)
1) Multiyear Breakout :)
2) Huge Volume
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Breakout in RPG Life Sciences...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
RPGLIFEAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
Watchout for Resistance breakoutToday I gave this stock to our alert tool subscribers as BTST above 495 and it moved till 510.
Tomorrow it looks good above 510 for another good upmove.
RPG Life Science Triangle BreakoutThe stock has formed a triangle pattern and is having a breakout. The volume increase is a positive sign as well.
Note: This chart is for educational purpose.
RPGLIFE - LongTarget - 490
Stop loss - 440
Buy at CMP - 466.30
Note - This is not my recommendation. It is just my idea. Trade on your own risk.
RPG LIFE Symmetric Triangle FormationSymmetric Triangle formation. Chart is self explanatory. Only for Education Purpose
RPG life - Wyckoff base and CUP Handle RPG life is out of Wyckoff as cause and Now forming cup and handle
