Sell only if a bearish candle forms on 5 min timeframe near the resistance line and the price expected to test the price near the lower trend line.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Star pharma today gave a trendline and head and shoulder breakout with good volumes. Rsi also standing at 42 and below 40 it will become outrightly bearish and a good shorting candidate. Macd also made a bearish crossover confirming our entry also backed by 9/21 ema crossover too.
Happy shorting:)
The chart is a mixed combination of Break of Channel pattern + Support & Resistance + Rising Wedge pattern. A breakdown from wedge pattern with a good upper wick retesting green candle in 30Min + 15Min chart.
Risk: Reward is as high as 3.34
Aggressive traders can short now as I have with strict stop-loss. Risky trade !! "Risk hai tho ishq hai :P"
~Can contact...
Head & Shoulders pattern forming on 2H Chart of STAR. SELL below 900, SL 928.10/945.10, Target(s) - 876-77, 865 and below 860 -> 850. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Post is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
Sell if sustains below 938 for the targets of 890 and 857 until 966 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
IT GAVE 5 Yr Old Trend Line Breakout On Weekly Time frame
Possible Target 1090 Soon, Hold Above 920 !
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only !
Strides Pharma (STAR) has formed a H&S pattern. The most interesting thing about this is that it's neckline coincides with it's crucial level of support at 762.15. If you go backtrack a bit 762 level had been acting as crucial resistance & support for this stock since a long time now. So if the neckline is breached one can go short and expect 730 levels in the...
