Inverted Head & Shoulder in Stride PharmaIn Strides Pharma inverted head & shoulder pattern
MACD BULLISH CROSSOVER
RSI ABOVE 60 - BULLISH SIGN
buy above 360
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Trying to forget downtrendChart -> Strides Pharma Daily
After a brief downtrend, the stock is trying to create a base with a triangle formation breakout and volume.
CMP: 345
Targets: 389, 414
Good range: Around 333
SL: 310 Daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Strides Pharma - Bottomed outAnother one of those Pharma companies which was in the wars over the past 1 year..the management has made many mis-steps and lost focus..leading to losses.
All the attention shifted to its biologic business.
THe RSI now had a divergence and the follow thru days show that there could be a bottoming out here.
The stoploss here is 290 and its deep..but this is a high risk high returns kind of play.
Long above 333 (Trendline breakout) and double over 370. (200EMA crossover)
STAR PHARMAStar pharma look down trend but 279 80 level suppourt area sustain price bounce upside 340 level this only edcation only not buy edvice...
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Strides pharma at big supply zone. Strides pharma's financials has been improved and the chart is showing that the stock is at huge supple zone which we can see in delivery % of today also which is 59.5%.
A reversal opportunity in Strides Pharma from its Support LevelSTAR (Strides Pharma) is its at support level. One can enter from 310 and this stock can hit 338.00 level soon. One should take 302.00 level as stop loss.
STAR | Historical Support and RSI diversionSTAR | Historical Support and RSI diversion.
Chart of STAR Stock shows that Price has taken support two times already from Historical support which is drawn or shown on chart .
RSI shows diversion with price . Also there is possibility of price direction in downside little bit more. That's why Safe SL placed here & tried to catch the entry at bottom of reversal.
STAR Positive Divergence WeeklyPositive Divergence seen forming on the chart of STAR : Strides Pharma SCI. Fall below 311.00 will invalidate the view. While upside may be seen upto first resistance of 460.00 levels. Purely for educational purpose. Study the concepts of divergence thoroughly and then apply the study with strict stop loss and Targets. Keep Learning
STRIDES PHARMA SCIENCE Target 379STRDIES PHARMA under symmetrical triangel breakout. It it breaks 341 and sustain above 346, it will reach 379
STAR LongStock looks good for a good move up
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
STAR | TREND REVERSAL TRADEPOINTS TO NOTE BEFORE INITIATING LONG:
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1. Star Pharma has been in a continuous downtrend for more than 6 months forming Lower Highs & lows.
2. A breakout of the downward channel occurred on the 24th of June with record volumes seen of the last 6 months.
3. Now a shift to an upward channel is seen with HH, HL, indicating reversal.
4. Trade is based on a minor Trendline breakout in uptrend.
The trade is as follows:
- Entry above 357.5
- SL 339.45
- Targets of 383, 402
Star looking god at cmp
Strides Pharma looking good at cmp 362 buy at cmp with the target of 541/711
Triangle breakout in STARChart -> Strides Pharma Daily
Strides Pharma in daily time frame has given a good symmetrical triangle pattern breakout with a volume pop-up too.
CMP: 351
Targets: 390, 400
SL: 330
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Strides pharmaStar above 337 can give a small upside. SL strict, overall market is in -ve sentiment, so be careful or avoid this trade.
STAR PHARMASTAR PHARMA is looking good on chart for target 380..
CMP : 351
FOR EDUCATIONAL PURPOSE ONLY
Strides pharmaStrides pharma
started making higher lows
can be a trend reversal if it closes above 343
Stay tuned
Getting volumes as well
Long STARNSE:STAR
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Star it needs a very deep analysis Time Frame :- 1 Hour
Symbol Name :- STAR ( Strides Pharma )
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Positional TradeExpecting some this kind of momentum as drawn.
I am bullish above 345 level, but let's see how market reacts.
Note: I am not a SEBI advisor, please consult your financial advisor before investing.
trend reversalSTAR is closed above previous lower high LH of 342 on weekly time-frame, its a first sign of trend change, however 21 WEMA overhead could consolidate the price in a range till higher low.
trade : positional longs with sl of 285 which is newly formed higher low.
trendline breakout - STAR stock being highly momentum stock of pharma sector also looking good to lead the run
