STAR looking at Short side for coming days STRIDES PHARMA SCI (NSE:STAR) breaks downtrend channel but not able to break out the level of 411.3 and now likely to be retracing back toward some downtrend move. The stock can be short at 373.3 for the target of 364/349/335 with a Stop Loss of 385.3, this my personal view for 5-6 days horizon for CASH segment. You can share your views in the comment section below.
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STAR trade ideas
Update on trade # 976Not suitable for long term Invest(Loaded with Debt)
This stock is not for trading or investing.
On Monday; there is possibility of upward spike of 2% as there is huge volume, but only 12% of delivery based traded quantity; request to stay away even for intraday trading;
When technical are not respected; then there is huge possibility of drastic degradation in fundamentals; Hence requests everybody to respect your stop loss; Dont get attached to any stocks personnel;
Vertical fall:
Requests and appeal to everyone: Not be behind on pharma stocks: if inclusion in personal portfolio of not more than 1%;
participation of pharma sector in Indian or global economic growth is only 1%;
Growth of pharma or healthcare sector indicates the unhealthy society, as they consume more drugs instead vaccine or diagnostics or hospital based business is okay.