Most probably the stock will move on long side
BUY above 395 SL 393
Targets 398, 400, 402, 404, 405, 408
OR
STAR 29AUG 390 CE (₹5.40), 410 CE (₹1.65)
SELL below 385 SL 387
Targets 383, 380, 378, 377
OR
STAR 29AUG 380 PE (₹2.35)
NSE:STAR
Only for education and information purpose. Should not be taken as a trading call
We can do an entry at D point.
CHART BY HARMONIC LEARNING AND EARNING
STAR is moving towards Strong Resistance.
Two Weak Resistance are hurdles before Ultimate Resistance.
If both immediate Resistance are broken (418 to 434), then can reach to 464
Any Suggestions will be appreciated.
Strides has broken head and shoulders pattern and in turn is below all moving avgs in all times. and closed at 341 where it had made 3 bottoms in may 2018
extremely weak stock which can go into a free fall mode to 250 280 levels ..
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Strides Pharma Science Ltd, formerly Strides Shasun Limited, is a vertically integrated global pharmaceutical company. The Company is engaged in the development and manufacturing of active pharmaceutical ingredients (APIs) and formulations, as well as biotech. Its business segments include Pharmaceutical and Biotech businesses. Its geographical segments are Africa, Australasia, North America and Europe, South and Central America, India and Others. The Company focuses on developing complex pharmaceutical products across therapeutic segments. The Company's products include general tablets, hard gelatin capsules, soft gelatin capsules, sachets, dry powders, dry syrups, potent drugs, semi solids, ointments and creams. It is also involved in supplying generics to hospitals approved by the National Health Service (NHS) and over-the-counter (OTC) products through retail outlets. It operates approximately 10 facilities, which are diversified across Asia, Africa and Europe.
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STAR
