SHILPAMED trade ideas
Shilpa Medicare Cmp 455.55 dated 14.5.2021Shilpa Medicare Cmp 455.55 dated 14.5.2021
1. Inverted H&S pattern on chart.
Breakout above 460.
Buy for a tgt of 490-515-545-600-615 SL 415
It is just a view, pls trade at your own risk.
[Basket] Shilpa Medicare Cup and Handle Pattern Sputnik NewsShilpa Medicare to produce and supply Covid-19 vaccine Sputnik V. Rest is technicals.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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SHILPA MEDICARE CHART LOOKS GOOD...SHILPA MEDICARE CHART LOOKS GOOD..
ITS A CUP AND HANDLE PATTERN BREAKOUT...
IN 1 DAY FRAMING CHART....
CMP : - 513
TGT : - 542 , 610 ++
SL : - 470
Shilpa Medicare looking good on chartsShilpa Medicare stock view
Sustaining above 470 can take this stock further upside
Keep an eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Head & Shoulder in the making !!Buying interest can be seen through volume. Stock is forming head and shoulder pattern. Targets post-breakout from the neckline is mentioned.
Can be bought when there is bullish closing above 462 for a possible target of 491/518/544.
Note: Educational purpose
Inverted head and shoulder developmentThe stock looks good above 463 level (let it sustain over it for sometime) for positional targets of 492 and 519
Shilpa Medicare Head & Shoulder PatternShilpa Medicare Head & Shoulder Pattern : due to covid pharma sector is booming once again , focus pharma stocks.
SHILPA MEDICARE - INVERTED HEAD & SHOULDERSShilpa 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 price pattern. Here, I anticipate the price target of Rs.480. I suggest the Stop Los at Rs.396 to be followed for the first four daily candles starting from 21st April 2021. Thereafter the profit booking/ exit decision should be taken on downward crossover of 26 EMA by 5 EMA.
NOTE: This idea is an attempt to predict future price movements. Investment decision based on this idea, if any, shall be at the sole risk of the investor.
SHILPA MEDICARE - Breakout - Retest Inverted Head and Shoulder Pattern formed long with a Breakout from a Falling wedge.
Simple price action analysis.
SHILPA MEDICARE TL break for Swing NSE:SHILPAMED Levels are Mentioned in the chart... Look for Swing
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
Shilpa Medicare looks good for new highs Shilpa Medicare looks to start Wave 3 and shall make new highs soon at CMP 345/-. Study would be invalid below 300/- on closing basis.
At Support Buy if holds!!SHILPAMED is at support zone. Buy for targets of 392/492 & beyond.
SL below 346 CLBS
Shilpa Medicare This stock can touch the target when it keeps its buying line intact. We can buy it when it keeps the buying line intact. And the supporting range can be our stop-loss
