UNICHEM LAB- Stock is at approx 20% Discounted Price (dropped from all time high).
- Laying at trend Channels.
- high Volume Candle formed. (Green Signal).
- Stoploss is mentioned in Chart - 719 (approx- 7-8%)
- Can give Good Returns if it's follows Trend.
- Technically Strong in big timeframes (Monthly & weekly).
- Targets in Short term(2-4 months) : 859-900-935-990
- Target for long term (4-8 months) : 1065+++ (approx - 35%)
UNICHEMLAB trade ideas
(SWING) BUY UNICHEMLAB ABOVE @ 784.50(SWING) BUY UNICHEMLAB ABOVE @ 784.50
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TARGET 1 🎯: 819.35
TARGET 2 🎯: 850.10
TARGET 3 🎯: 882.10
STOP-LOSS: 754.65(4%)
Analysis:
RSI is crossing above 40. Price is above 200 MA and Price is currently supporting the 50 MA.
Note:
Trade according to the Risk Management. Above targets is depends on your purchase price.. adjust the targets accordingly.. Risk/Reward ratio should be 1:3 or 1:2..
DISCLAIMER: All information on this page is for educational purposes only. We are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing and taking any decision. We are not responsible for any profit/loss you made.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in UNICHEMLAB
BUY TODAY SELL TOMORROW for 5%
UNICHEM LABORATORIES Breaking 1.9-Year Old Resistance
✅ The stock has successfully broken above a significant 1.9-year old resistance level, signaling a continuation of the strong bullish trend. It is currently trading around 734, and this breakout opens the potential for further gains toward 790 and beyond.
✅ The RSI is at 72, reflecting strong momentum, but nearing overbought territory. However, with the strength of the breakout, there could still be room for further upside before any major pullback.
✅ The breakout is accompanied by steady volume, confirming the upward momentum. Traders should watch for sustained price action above 730 for a potential continuation of the rally.
UNICHEMLAB: Breakout to All-Time High with Strong Volume SurgeUNICHEMLAB has recently experienced a strong breakout from an ascending triangle pattern on the daily chart, accompanied by a significant increase in trading volume. The stock is now trading at an all-time high, indicating robust bullish momentum. Investors are closely watching for sustainability and potential support levels. The breakout and all-time high are positive signals, but ongoing analysis and monitoring are essential in this dynamic market.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in UNICHEMLAB
BUY TODAY SELL TOMORROW for 5%
UNICHEMLAB | Mini Swing Trade📊 Details
Unichem Laboratories Ltd is involved in pharmaceuticals
in Generics, APIs and Contract Manufacturing (CMO) areas.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Unichem Labs - Confusing PickI really like this stock and have shared it several times in the past. The stock above 414 breaks into further momentum..
But cautious with the result as its valued at a premium and understanding its results is currently v difficult.
Deep stoploss here of 383..so allocate accordingly.
UNICHEMNote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading