SMSPHARMAHi guys,
In this chart i Found a Demand Zone in SMSPHARMA CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
SMSPHARMA
SMS PHARMACEUTICAL BREAKOUTAccumulation followed by Huge Volume .
Cup & Handle pattern visible in Weekly TF.
Good for Short Term.
Target 160 ,200.
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
How to trade SMSPHARMASMSPharma, now at 186.15, on March-14-2024 :
Per EW, this has retraced till 0.618 at 162.5 twice and rising.
Looks like swing trade happening here, and so buy on dips is adviced
Buy few, Buy until 162.5, 152.8, 143.2
Uptrend confirmation comes after 194 and
Target prices thereafter --> 212.85, 224.75, 234.5, 244
Expected gains from current price --> 31
Sl below 135 is okay
Buy on Dips would be good in this.