Shilpa medicare has given a good breakout. Levels marked on the chart. Good upside potential of more than 20% returns.
BUY above breakout candle high with 1:2 minimum take profit
#shilpamed Added 40% qty at 270 Sl is wide , 250. So safe can enter on retest #vr
Stock has formed Bullish Pennant Pattern - breakout above INR 296 can give another INR 50-75 please note this analysis is just for education purpose.
Long idea .............................................................................................................................. Inside Bar nreakout and triangle breakout. NSE:SHILPAMED
NSE:SHILPAMED [/s Bottom hunting doji Also, BUY FOR LONG-TERM INVESTING.
ShilpaMedicare : Falling Wedge Breakout Done Strong resistance around 425-430 levels, Post which there could be a strong upmove
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.
Following a trendline support since 2019.. Recently it has tested it's trendline support & made a triple bottom pattern with positive Divergence..
ShilpaMedicare : Good Double bottom Breakout Need to sustain 485 levels for 520, 540 Support at 465
Levels mentioned on the chart. SL based on daily closing.
Your Money Your Decision.. In Long Run, Intraday trading doesn't work..
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...
SHILPA MEDICARE as per daily chart analysis stock above 605 for a target 613. Resistance at 604 and 614.
breakout trade all the levels are marked and traget of 100 pts
Stock Name : SHILPAMED Time frame : 1 DAY Wait for proper breakout and retest for entry. For more trading content follow us on ( @tradechefofficial )
its a bullish pattern with around 80% accuracy base of triangle is at strong weekly support
stock consolidated for long time with respecting bottom now forming descending triangle in daily timeframe for execution details ask in comment