Shilpamed , 1M Pattern is already Breakout Previously , Now we can Trade at Retest Point and it is also Forming a Channel pattern at Retest Point , we can Enter at Breakout of this Pattern in 1D timeframe .
Aim for 40% and Risk very Less.
we can see Bullishness at lower wick strongness in Monthly time frame
follow for More swing Ideas Like this
SHILPAMED trade ideas
8 year Cup breakout and CIPSHILPAMED looking good with a 8 year cup breakout and CIP. Institutional holding has increased from about 11% to 17% over about 18 months.
Disclaimer: This is not recommendation to buy/sell. This is only to share learning, observations and personal views. Do your own analysis before taking any trading/investing decision.
SHILPA MEDICARE LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
SHILPAMED - Bullish SetupStock name - Shilpa Medicare Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Shilpa medicare on a Huge yearly Breakout !!Shilpa Medicare has given Multiyear Breakout !!
Stock has been consolidating from 2015
It's been almost 8-9 years stock has given No Returns
Stock has made Symmetrical Triangle pattern on a monthly timeframe
Pattern is showing targets of 1200-1300 in coming months
Thank you !!
ShilpaMed - Multi-week support zoneShilpaMed - Demand Zone 200 224
Time Frame - WEEKLY/MONTHLY
Objective :-
Now playing around Multi-week support-resistance area.
Falling with low volumes.
📝 - Problem - The stocks has strong negative momentum & further declines Indicates.
💡 - GO long near at 200 224 with stops can be maintain 198 we can see upside 272 336 424++
SHILPAMED DEEP ANYLESIS 01 MONTH AND 01 DAY TIME FRAME The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
Shipa Medicare IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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