Strides - mega wedge breakout possible hereStrides is on the edge of breaking out of this mega wedge
Next few sessions will give clarity. On watch for longs
STAR trade ideas
STAR Long viewSTAR currently at a support level and we can see it reversing form this level.
Good to add this stock for short term with 1:4 R:R.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
LONG ON STRIDES PHARMAMonthly chart big support at 300-320 level
SO CAN BUY FOR BIG UPSIDE FROM HERE .
Investment pick Star pharmaBuy Star pharma at 400 target 2200. Dont miss
Stock oversold and big hands accumalted below 600.
buy above 436 for target of 470Buy Star pharma above 436 for target of 470.
Good short covering expected above 436
STARStar breaking out of descending channel pattern with good volumes. Only pharma stock which didnt rally in recent pharma upmove.
Could be bought with mentioned stoploss & target.
STAR 5 of c and BATStar formed BAT pattern and looks like complete 5th of C and would complete 2nd wave too. most probably third wave would star from cmp or at 786.
425 would be best entry price
Strides buy signals in oversold. Portfolio buyStock is quite oversold. Good levels to add to portfolio
No SL on this trade
STRIDES PHARMAOnly buyying zone previously high acting as support
Target mentioned in chart
Do your own analysis before investing
Only follow price action
STAR - BearishThis is very bearish, all supports are mercilessly broken, 530 was a hope...
next intermittent support are at 495, 473, 436 (Potential consolidation zone) Equally breach of this will be 348, 308 ....
Mean reversionThis is a classic swing trade for mean reversion., in swing trade we basically check 52 week low or 52 week high and check the most suitable scrips and also the golden or death cross and take position based on that learning.
Can we expect flag breakout?Strides looking good RR at these levels.
One can buy for immediate targets of 745 and 860
Long term looking for 1500
STAR - Could be a good mover Strides Pharma has been consolidating in a range for the past 6 months.
This week stock bounced from the support it created previously and closed well.
Now if it sustains 740 levels them it could move towards 930 and 1000 in the near term and also go beyond it.
STAR, Inverted hammer.Inverted hammer after downtrend.
Above to break bearish trend line.
Trend reversal candles.
