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Shilpa Medicare Limited

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SHILPAMED trade ideas

SHILPAMED: 70% Pullback Creates a Buying Opportunity Stock: SHILPAMED Entry Price: 345.00 Stop Loss: 315.00 Target: 430.00 Trade Duration: 45 to 90 days Rationale: SHILPAMED is an uptrending stock that has corrected almost 70% from its high level. It is currently trading on support and today's daily candle is showing a bounce back. Volume activity is good, which suggests that there is institutional interest in the stock. The risk-to-reward ratio of this trade is favorable. Trade Plan: Enter the trade at 345.00. Place a stop loss at 315.00. Take profit at 430.00. Keep the stop loss intact and trail it time to time. Example: If SHILPAMED closes above 345.00 today, you could enter the trade tomorrow at 345.50. Place a stop loss at 315.50 and take profit at 430.00. As SHILPAMED moves higher, trail your stop loss up to protect your profits. Risk Management: This trade has a potential risk of 8.7% (345.50 - 315.50) and a potential reward of 24.5% (430.00 - 345.50). This gives a favorable risk-to-reward ratio of 2.8:1. Disclaimer: This is not financial advice. Please do your own research before entering any trade.
NSE:SHILPAMEDLong
by We_Learn_Investing
Shilpa Medicare Showing signs of recovery1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price) 4. Sell on initial Stop Loss hit or RSI close below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a long downtrend since July 2021, NSE:SHILPAMED is now showing signs of recovery. It's a buy with a stop at ₹244 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:SHILPAMEDLong
by akashbothra
Positional or Longterm Opportunity in Shilpa MedicareGo Long above 442.45 for Targets of 497.9, 553.35 and 608.8 with SL 387 Reasons to go Long : 1. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around the 0.618 Fibonacci level. 3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up. 4. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
NSE:SHILPAMEDLong
by Nimish_Ghagare