SMSPHARMA has multiple patterns that identify like CUP AND HANDLE OR HEAD AND SHOULDER
If the 140 level shows any bearish candle then the active above pattern otherwise goes downside The RISING WEDGE pattern will be active at the 130 level
A Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:SMSPHARMA
MACD gave Positive crossover on Daily and will give positive crossover on Weekly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this...
Round Bottom Breakout Setup
RSI above 75 and rising
Trading above EMA50
32 months of consolidation
Volume increasing
Disc: for study, not a recommendation
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
Analysis for educational purposes only. I am not a registered analyst.
- In the weekly chart, we see a breakout of previous HH
- HH is retested which is an ideal entry point.
- Set SL as previous low or in cases where there are other lows close by, choose the lowest one.
- Calculate the possible loss assuming the stock hits SL
- If you are OK with the calculated...
Analysis:
The provided chart of SMS Pharmaceuticals (SMS Pharma) on TradingView reveals a potentially lucrative breakout opportunity. Let's break it down:
Current Price: ₹145.45, comfortably above the multi-year resistance level of ₹136 marked by the blue line.
Breakout Confirmation: The recent surge past the resistance zone, accompanied by strong volume,...
FOR LEARNING PURPOSE
SMS PHARMA- This stock looks good to me and I am going to buy this stock tomorrow
Reason to buy- This stock is coming out from a good base with good volume
Its at 2 year high
Its showing better Relative strength
Its giving a better R:R
I will be buying this stock for minimum 35-40% from here and then will trail (according to market...
Date : 11th Feb 2024
CMP : 146.30
Potential Target : 17%
The company has business presence across 75+ countries across the globe. It is largely export oriented; exports accounts for ~80% of company's revenues. In FY21, regulated markets contributed ~52% of total sales while semi-regulated markets accounted for ~41% of revenues
#SMS Pharmaceuticals
It is a diversified & integrated pharmaceutical company with interests in Active Pharmaceutical Ingredients & Intermediates.
MCap 1,238 Cr.
ROCE 3.66%
InstHold 0.59%
Growth YOY :-
SALES 8%
PAT 142
OPM 18%
cup and Handle Breakout with Volume.
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 3 : On result day trail your SL at 15Min Time Frame
A stock which is on the verge of a breakout. The price has been compressing in a super narrow range and could move soon.
The stock had super volumes this past week.
There are 2 ways this stock could go..
Scenerio 1
Stock pulls back to 126-128..then see if it bounces there and buy with a SL below 120.
Scenerio 2
Long above 136 (smaller allocation) coz the SL...
