Short term resistance at 461.If resistance is crossed then the scrip will turn bullish. Entry can be made by 22nd January if it remains above 465 on closing basis.
SHILPAMED trade ideas
Buy ShilpaMed Shilpa Med formed Falling wedge pattern and Gave Breakout on 9th Dec. also it might move back to pre-gap level i.e. 550 in near term.
entry level 490
Target 550 - 585
Stop loss 465
Time : 15 to 20 Days
Overall indicators are also Positive as on 10th Dec 2020
SHILPA MEDICARE 1D CHART Made a double botttomPlease enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
SHILPAMED BUY CALL FOR SWING TRADERAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Shilpamed looks good for medium termShilpamed looks good for medium term, If 610-620 cleared, much higher level possible
Near resistanceNear strong resistance. Closing and remaining above 600 is very important. Break out will occur once 700 is crossed.
SHILPA TARGET UPDATE 4-9-2020One can look fresh in range 475-515.. for upside 700 in med term and 750 long term with stop loss 430..
ANOTHER BIG PROFIT WE TAKEAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
SHILPAMED BUY CALL FOR SWING TRADERAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
[DARVAS BOX] Long SHILPAMED(Positional)SHILPAMED recently has given breakout. Now it is dancing in a box of 604-695. So, one can go long/accumulate in the range of 605-626 with stoploss on day closing basis(DCB) of 603 for the target of 695 which will give a superb risk reward ratio.
SHILPAMEDBuy SHILPAMED Around 530 - 532 for a target of 547/570/590 SL 510
Disclaimer: All charts are purely for educational and information purpose only. Any views shared here are strictly not for trading. Please seek your financial advisors assistant/ view before making any investments. I AM NOT SEBI reg. Analysts and not responsible for any profit/loss
Possibility of turning aroundA bottomline support may arrest its downward movement by today or tomorrow, else it will find support at 434 and then at 371. By August end we may see a level of 589 in case of return of bullishness.
