STAR Ready to Loose its Shine? BEARISH ABCD in Progress . Short around 809 to 811 with Stop of 818 for 800,784 as Targets
Trade ideas
A Bullish Butterfly long idea on STAR (Strides Shasun) The stock is downtrend from few months and it has touched its multi year support of 820 which is acting as a Strong potential reversal Zone(PRZ),a pin bar was formed due to result volatility, Hence A trade can be initiated on 2 completed green candle which confirm the reversal of the trend.
Entry- 841.5
SL- 817
Target 1:-894.2
Target 2:- 921
STAR, Long on S&RSTAR near multi-year support level, strict SL at 821. Targets based on fib retracement.
STAR -taking support around 850 and INV HnS above 900 STAR -taking support around 850 and INV HnS above 900 ,close above 900 can be confirmation of trend change
Star 5th Bottom Will it make it or Break itLets Long seems like Very Strong Support
Entry - 857
SL - 845
T1 - 894
T2 - 922
T3 - 967
Star theta decayFirst resistance broken decisively and closed above it
so plan is to bet theta decay trade as markets are bullish
960 PE is at 17.3 so 17.3*500=8650 profit if star expires above 960
if star Closes below/at 960 then we will Exit our PE as it would mean our SL is hit and we book our losses
STAR(907) support 830-845 break of 830 tgt 770-760 in few hours Star-830-850 support break of 830 can do 770-760 in few hours ..USe sl of Day's HIGh of that day on which it break 830
here is major support at 830-850
*Reversal also possible once it crack heavily below 830 and then again close above 845 with volumes
STARAggressive Traders Buy only when it stays above 1020 for at least an hour.
SL 989
Safe traders buy close to 1000 if you get with better Risk to Reward.
star- breaking weekly trendlinestar on weekly chart breaking its important support sell with 1005 sl for 910
Strides Shasun: ₹1098.50, support: ₹980, on break of 980 fall...Strides Shasun: ₹1098.50, support: ₹980, on break of 980 stock can fall to sub ₹700 level
Resistance: ₹1274.
The bull move towards ₹1414 seem to be a5 th wave extension,
if so this may bring the stock price 50% to 62% level minimum.
Monthly chart
STAR Buy Bullish 3LR at Channel !Ascending Channel offers simple trade on both the edges or for the trend follower only long trade on lower boundary. The stock has shown strength on 20.03.17 forming a bullish 3LR pattern and any retracement could be used to enter long trade. Stop loss 1118 on closing basis target 1200.
STAR is Boxed inWhere do you see this one going.
As of now Neutral View. Lets wait for price action near support and then decide.
Keep an eye though, very volatile.
short STAR at 1075 with targets of 1035....STAR going to fall near 1035 where it ll form bullish BAT harmonic pattern....one can sell at 1075 and can buy again at 1035 with targets of 1080
STAR, failure here could lead a downside??2016 consolidation failing to break above 1200 could lead a downside resolution towards 850, and break below could lead a decline till 630
STAR APPROACHING RESISTANCE ZONE.NEED TO BE CAREFUL IN TAKING FRESH LONG POSITIONS. Will update if these are any shorting opportunity.
Ascending Triangle formation on STAR - Longin.tradingview.com
Ascending Triangle formation on STAR in 5 mins chart...
Buy above 1090.5
Target 1 - 1097
Target 2 - 1106
Target 3 - 1113
Bearish Bat( STAR)Strides has created Bearish Bat on daily charts, Since its already fallen a great deal, a bit of retracent will be great entry for a short position.
Star Buy Target Rs 1270;stop loss Rs 980Star has witnessed a breakout from its previous swing high on higher volumes and moving towards a breakout from a triangle pattern.MACD has also crossed above the Zero line which is a bullish indication.
