POINTS TO NOTE BEFORE INITIATING LONG:
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1. Star Pharma has been in a continuous downtrend for more than 6 months forming Lower Highs & lows.
2. A breakout of the downward channel occurred on the 24th of June with record volumes seen of the last 6 months.
3. Now a shift to an upward channel is seen with HH, HL, indicating reversal.
4. Trade is based on a minor Trendline breakout in uptrend.
The trade is as follows:
- Entry above 357.5
- SL 339.45
- Targets of 383, 402
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1. Star Pharma has been in a continuous downtrend for more than 6 months forming Lower Highs & lows.
2. A breakout of the downward channel occurred on the 24th of June with record volumes seen of the last 6 months.
3. Now a shift to an upward channel is seen with HH, HL, indicating reversal.
4. Trade is based on a minor Trendline breakout in uptrend.
The trade is as follows:
- Entry above 357.5
- SL 339.45
- Targets of 383, 402
ملاحظة
Forgot to mention the disclaimer: Always trade based on your own risk appetites. And always enter the Stop-Loss first.
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إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.