Strides Pharma has been consolidating in a range for the past 6 months. This week stock bounced from the support it created previously and closed well. Now if it sustains 740 levels them it could move towards 930 and 1000 in the near term and also go beyond it.
Inverted hammer after downtrend. Above to break bearish trend line. Trend reversal candles.
look for reversal pattern in the bullish zone.. if u find go long with SL 823..
Accumulate #STAR on dips till 700 with S.L of 752 on CLBS for the target of 920, 1011, and 1260++.
STAR has broken a short term channel and a breakout of 700 level as well, sustaining above 700 level can give rally upto 790 levels.
Chart is self explanatory. Breakout happened from the Cup and Handle Pattern but faces a resistance. Keep a stop loss based on your risk appetite. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the...
Strides Pharma has re-tested 550 level and took support at same level on daily basis, which was acted as a resistance for a quite long period. it is continuing it's long term uptrend. it can rally upto 670 followed by 700 levels.
TK crossover at 417 followed by huge volume so buy on short term
my tgt STAR buy above 402 tgt-404/405/407/408/410...414 sell below 399 .20 tgt-367/395/393...390 Please do ur own analysis before trade. This is only for education purpose.
STAR Broke Resistance Trendlyne Zone, but closed below 200DMA on 15Min chart