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%.
STAR (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 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.
Positive 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
Stock 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...
POINTS 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...
Chart -> 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.
NSE: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...
Time Frame :- 1 Hour
Symbol Name :- STAR ( Strides Pharma )
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Expecting 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.
STAR 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.
