Shilpa Medicare was in a downtrend since August 2020. The counter tested its lowest price on 19th March 2021. Thereafter the counter experienced a pull-back with a small correction. The price gave breakout on a daily chart today on 20th April 2021. This breakout was supported by increase in the volume. This price behaviour has formed the Inverted Head & Shoulders...
NSE:SHILPAMED Levels are Mentioned in the chart... Look for Swing
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Shilpa Med formed Falling wedge pattern and Gave Breakout on 9th Dec. also it might move back to pre-gap level i.e. 550 in near term.
entry level 490
Target 550 - 585
Stop loss 465
Time : 15 to 20 Days
Overall indicators are also Positive as on 10th Dec 2020
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