Shilpa Medicare ready for BlastThe stock has been following a very good trend lately and it is likely to give 13%+ returns within two trading weeks. Stop loss would be the point where trendline will break and a strict stop loss of 492 otherwise.
SHILPAMED trade ideas
SHILPAMED (NIFTY_500) CLOSING ABOVE ALL THE MAJOR SMA
SHILPAMED (NIFTY_500 ) Closing Price of 14/05/2021 has crossed all the major simple moving averages including 5, 10,15,20,50,100 Days.
The closing price is hovering near to its 200 days daily moving average which also act as major resistant for the stock.
There are very good chances that it would cross the 200 days SMA and can show a good rally.
Disclaimer: - The view expressed here does not in any sense pursue anyone to trade in the above stock. This is only for knowledge purpose. Person taking position in above stock will be personally responsible for the potential loss and will personally enjoy all the potential rewards.
SHILPAMED - Risky Long for retest of the recent topChart is appearing to take support near 500 with volume
Can go long for 650-680 with SL below 475.
Shilpa medicare in buy zoneShilpa medicare in buy zone
All indicators showing for uptrend
Target and SL both on graph
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SHILPA MEDICARE - Pull back or breakoutToday's close suggests that there is more gravity towards a pull back.
After the "Cup and Handle" breakout wait for a pullback to end.
With patience 25% on the cards after it crosses 627 on closing basis.
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