Thyrocare swing tradeAfter long consolidation stock ready to give a spurt in price. Can go long around CMP 1260 with SL at 1200
THYROCARE trade ideas
Thyrocare Technologies looking good on chartThyrocare Technologies might resume its uptrend
keep a watch
target as mentioned
stoploss below 985
Thyrocare looks bullishThyrocare broke out few days back with long candle and good volumes. Retest done. Now looks good for 1200+
Range breakout with retestThe stock has given the range breakout yesterday and now has successfully retested today. Volumes are also good. A good buy time for a target of 1160. CMP-1104.
It is a really good fundamental stock.
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PS- I always believe in trading in stock with good to medium fundamentals(can also be seen from my history of suggested stocks). The success mantra for trading is to mix fundamental and technical analysis to protect capital.
THYROCARENote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Thyrocare Head and shoulder patternThyrocare observed to be forming head and shoulder patterns with decreasing volume from left shoulder onwards. If it breaks the neckline at 976 it will enter into a downtrend.
CUP COMPLETION CHEAT ENTRY PATTERN IN THYROCAREComplete idea posted in chart.
Besides technical view,fundamental of the stock are improving.
Quarterly revenue up by 46% yoy and 4% qoq
Net profit 35cror against 18 cror loss yoy and up 3% yoy
Annual eps 22 against 15.
Stock looks good for major upmove.
Breakout in THYROCAREDisclaimer :- This is not any buy or sell recommendation. This is just my view on this counter kindly consult with your financial or investment advisor before investing.
Thank you !!
Thyrocare is looks good above 1000 level.
Next resistance levels are already mentioned in the chart. Thank you !!
Thyrocare Cmp 1025.10 dated 30.4.2021Thyrocare Cmp 1025.10 dated 30.4.2021
Flag Pattern on Daily chart.
Buy at dips for a tgt of 1070-1100 SL 990
For Long term tgt 1350 SL 950
It is just a view, pls trade at your own risk.
Thyrocare Technologies Ltd.CCI 34 Monthly > 100, CCI 8 Daily < -100. Weekly LL done. If crosses above ATH, has a potential to go above 1800 within 8-9 months.
