After touching previous Life highs
Greaves showed very sharp fall and after that it has been
consolidating in range of 130-150
It has now already given a BO but the targets are now very high
with SL of 138-140
One can go long at CMP or 148-150
Company has posted loss in Q2 but after the
Conference call on 16-11-2021 there has been very good...
From the date of listing stock has continuously been falling
But now after a good all consolidation(Accumulation)
Stock has started to show good momentum
one can enter know or enter above 390
With a Target of 470 which is 0.618
and SL of 320-23 levels.
Biocon has been the worst preforming pharma stock in recent times.
It gave a BD from parallel channel, But now has again managed to enter back in the PC
If it holds 368 levels can expect an BO.
Use fib levels for better entry exits
TenCent has cracked more than 40% From it highs
And is now available at decent Risk Reward
SL of 400 looks decent and can trail till new highs.
2 Important Things
Trend is now not on Bulls side
Use Fibonacci before entering
It has given an multi year breakout plus my favorite 1 year rectangle pattern BO
and also showing sings of trend reversal
One Can take a long position with SL of 90-2 for a target of 130+
As per the log chart there is resistance around 113-4 levels.