Strides Pharma (Star Pharma) - Bullish Structure Intact

16. Nov. 2020

• Strides Pharma has consolidated horizontally since May'2018 to August 2020. (nearly 15 months)
  
• It has given a breakout in August 2020 and since then sustaining the price above the previous consolidation area.
  
• Recently it tested 594 and made a Wolf Wove Analysis Pattern where clear entry was made at 602. (please refer this pattern in chart below in comment)
  
• It looks like stock is completing its Pullback structure of recent breakout move.
  
• If price sustains, it can be a good pick for positional buy trade. Those who bought at 602 (on Wolf Wave Analysis) may remain in trade.
  

16. Nov. 2020

Anmerkung

Monthly Chart

16. Nov. 2020

Anmerkung

Weekly Chart

16. Nov. 2020

Anmerkung

Daily Chart

16. Nov. 2020

Anmerkung

Wolf Wave Analysis - Hourly Chart

16. Nov. 2020

Anmerkung

Wolf Wave Analysis
Entry was at 602.
Target was 700+
So, Wolf Wave Analysis Pattern Target is already achieved! Bust stock looks good on higher time-frame too and more churning can be made in it.