Investment Trade in Gland Pharma
Here we're looking at the Monthly chart where Price was going down making lower lows as you see in the picture above and then it has violated its previous Resistance and we have a promising Demand formed in 3 Months chart let's have a look at it.
After a previous high is violated we know there is a Buying momentum and we have a 3 Months Fresh Demand formed which will act as a Source for the uptrend on the opposite we have a Fresh 6 Months Supply which is also a Fresh Supply hence we have the Start point and End point and now we will draw the Curve.
This is the best Demand Supply Equilibrium Curve I've ever drawn, we have basically divided the overall Curve into 5 different parts viz. {Very High on the Curve} As a Trader we should always be looking for a Selling opportunity or definitely avoid Buying in this area, same for {High on the Curve} As a professional Trader we will always avoid doing anything while we are in the {Middle of the Curve} because this is area of uncertainty and the Reward to Risk ratio is also less when Trade taken in this area, Hence we want to Buy low which is {Low on the Curve} or best in {Very Low on the Curve} as here we have maximum Reward against the Risk.
Here's the main part.
Trade Type : Investment Trade
Entry : Rs. 1848.45
SL : Rs. 1654.50
Target : Rs. 3312.15
Reward : Rs. 1463.7
Risk : Rs. 193.95
Ratio. : 7.5 / 1
Gland_pahrma
GLAND PHARMA, TOUCHED ITS IPO PRICE!!after its recent quarterly results it fell a lot.
its a very good stock for the swing trade. i have mentioned its targets and they are good support for those
earlier a month ago, i had posted its 5 waves. and this time i have extended it till its IPO PRICE. its a bit sad, that it came down this low. but its good to buy in dip.
i am aiming for the targets mentioned.
do check he trend line drawn in RSI indicator too.
the stock has touched its bottom, and one can do momentum investing till the stock consolidates in the future.