All levels mentioned on chart. Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action. Thanks Piyush Gupta
Strides Pharma has consolidated horizontally since May'2018 to August 2020. (nearly 15 months) It has given a breakout in August 2020 and since then sustaining the price above the previous consolidation area. Recently it tested 594 and made a Wolf Wove Analysis Pattern where clear entry was made at 602. (please refer this pattern in chart below in...
Complex Price Action Volume Contraction RSI taking Support @ 40 Bounced right off 100D MA 50% Retracement from Last BO.
please enter the trade once u get a proper breakout or reversal from the levels, kindly support my views
1. WEAK BULLISH CANDLES IN DAILY AND WEEKLY TF 2. DECREASING VOLUME WITH INCREASE IN PRICE 3. PRICE SPREAD DECREASING NEAR RESISTANCE
as the broad markets are a bit unpredictable now.. take positions only with a very stringent stop-loss
All levels mentioned on the chart. Entry will be taken only after the BO of the marked TL. if not trade below 710 then will take entry above the support zone. Good bullish share trading above 50 EMA with momentum & volume.
STAR (STRIDES PHARMA) LOOKS GOOD FOR LONG TERM TILL IT HOLDS 690
Raising Trend EMA(10) > EMA(20) Above Average Volumes Sector in focus and uptrend. Stop Loss at 661. (The Low on the day expansion was 4%) or When it touches EMA (10). IDEA from Ivanoff Trading Ideas Book . Chap 1
Strides Pharma Science Limited : Pharmaceutical Company ( NSE:STAR ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this...
Strides Pharma Science Limited : Pharmaceutical Company ( NSE:STAR ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this...
PLAYING OUT AMAZINGLY AS PER BREAKOUT @ 535 HEAVY ACCUMALATION JUST NEED TO HAVE PATIENCE & HOLD ON TIGHT
Look fresh in range 550-590 for upside 660 and 790.. Refer chart for more details..
If broke resistance we might see bullish trend or else it might fall back towards support. Only buy above 433 (resistance)