Shilpa 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.
Shilpa 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...
The volumes are good! There is a good upside left.
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 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 !
Cup & Handle inside Inverse H & S; Good Pharma company; Pharma shares are back in focus.
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
Ascending Triangle BreakOut....bullish possibility
The stock looks good above 463 level (let it sustain over it for sometime) for positional targets of 492 and 519
Duration: 30 days to 45 days
Just an idea , with good volume tomorrow it may touch 490.
Shilpa Medicare Head & Shoulder Pattern : due to covid pharma sector is booming once again , focus pharma stocks.
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...