Shilpa Medicare looks good above 435/- with SL of 390/- for targets of 550/-
It has given a breakout above long term resistance line, so any followup buying above 435/- is good for this stock.
Go 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...
Company : SHILPAMED
Entry Price : 574.3
Stoploss : 516.8
Target 1 : 631.7
Target 2 : 660.45
Bounce from Fibonaci levels expect a move till 660 in 1 month time frame and 1 year target of 900.
Hello Traders,
My recent trade analysis have gone pretty well. There is lot of noise around which wants us to believe that market is going to crash but at least till now I cannot see any signals like that.
So here I have found a stock, that has formed a W bottom pattern which is a bullish pattern, has good long volumes, and delivery data is also convincing.
It...
Buy@CMP
TGT - 670 & 700
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...
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This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not...
