UNICHEMLAB 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...
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...
📊 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.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed...
I 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.
Unichem Labs Big Rally start from here onwards
Weekly Cup & Handle
Weekly Positive RSI 70+
Weekly Higher High Close
Add in your portfolio for big gain in short time
Breakout in UNICHEMLAB.
Entry: CMP
Targets: 345 & 370
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
