Please consider this for educational purpose only, for trading please do your own analysis or consult your financial advisor.
The gap up opening indicates that the price is expected to go high, however it managed to close as a green candle on 11th, hence forming a hammer candle at the top.
Shorting is suggested.
My trade setup for shorting will be as...
This is for educational purpose only. Please do your analysis or contact your financial advisor.
I heard that this stock has invented the vaccin aganist covid, with 90% success during 3rd phase resulting in 11% jump on their strock price in EU markets.
I suppose that it would perform the same on Indian markets as well.
Entry: 4925 ( gap up possible)
Please do your analysis as required or contact your financial advisor. Below is the trade setup.
Kind Note: Please also consider the impact of the outcome of the US elections, which has not been considered by me.