THYROCARE trade ideas
Thyrocare: Buy If Closes & Holds 910 levels ahead [CMP 866.65]Another chart for study the price action;
Thyrocare: Buy Above 910 levels for Mid-Long term : CMP 866.65
TGT 1 = 1010,
TGT 2 = 1200,
ROI 1 = 11%
ROI 2 = 32%
Hold with Patience for Greater Reward, To Manage risk - Consult your Financial advisor
Thyrocare - Multiple Bull Flag Breakout - Long Term Bull TrendThis stock is in long term bull trend. You could multiple bull flags in last 18 months. It's always healthy for a stock to consolidate for some time after big breakouts. Right now this stock is in the bull flag formation pattern and about to breakout upwards for explosive moves in next few months. In last few days, momentum has started picking up, expect some good moves for next 1-2 weeks.
Trade above marked zoneSafer to trade once it crosses the marked zone with good VOLUMES ( important)....targets are not marked but 1353, 1465 can be possible targets... what happened today - it opened with a big gap up moved almost 8% and then closed in RED..be cautious
ThyrocareMust Correlateyourself on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
THYROCAREShort Term Trading Call
Buy Alert: THYROCARE
Buy Zone : ₹ 1350-1360
Profit Goal:
Target : 1535
Stop Loss: 1260
THYROCARE Impulse Correction Breakout.NSE:THYROCARE
Impulse Correction Breakout chart pattern formation in THYROCARE weekly chart giving good confirmation for continuation of bullish trend.
Strong support at 985
THYROCARE recently turned trend, about to test resistance zone.Hi. In this 1D chart I've plotted a few things: the recent MA 56 crossing that marked a trend turn, the approaching resistance zone from November last year and an interpretation of the movements since then as Elliott Waves.
You can also see:
There is still rooms for the Williams 224 to climb further.
The historical volatility is lower than it was in November indicating a more stable trend.
The Ichimoku is agreeing with the recent trend turn.
There is possibility that the MACD will turn down across its signal but I believe that it will either skirt the signal and then continue rising or pass below it momentarily as the current Elliott Correction Wave plays out.
It should be noted that the fundamentals of THYROCARE are absolutely excellent and therefore could be worth holding not only for the immediate future.
Thank you. Please if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods.
This does not constitute financial advice.
Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.
Thyrocare- Beautiful moveGreat triangle breakout. Supported with nice volume, Stock reversed from good support level. 50% retracement sabka sangam.
THYROCARE - Breakout from Triangle Pattern - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
The price looks good for target of 1200+ levels if it sustains today's upmove.
Entry can be above today's high. SL = 805-810 range
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
THYROCARE - Breakout from descending channel - Swing tradeThis analysis is purely based on price action and chart pattern. The analysis is done in live market.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Entry can be made at CMP or tomorrow above the high of today's candle.
Targets are shown in image. SL can be placed either below consolidation zone or below 880.
Never Run after the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
To check how the stock performed last time it took crucial support of 0.618 level - check below image and compare the present price.
Feel Free to comment for any suggestion or query regarding price action analysis.
For Observation PurposeBecause of cutting cost of Co-Vi-d test from ₹950 ( Earlier Price )to ₹700(After Cutting Cost ) all Diagnostic share came down,
And If this go to ₹1,000 Today on Dec17 then it will reach up to ₹1,200 in next 7 session, otherwise wait for upcoming Support
THYROCARE GAVE EASY 3 % ON INTRA DAYTRADE BASED ON
1. PRICE ACTION
2. TREND LINE
3. RSI.4.
4. FIBO STRATEGY
#nifty #thyrocare
Thyrocare breakout buy thyrocare
sector heathcare
sector- bullish yes
consolidation- done yes(2 months)
breakout - done yes
200 ema-rising 30
RS - strong yes
volume- heavy A
bo level 840
buy level 864
buy date 6.10.20
bo day close 885
