ERIS Medium to long Term IdeaERIS Life Sciences was first given at 644 it went upto 861.95 and has corrected substantially there after. Fresh entry above 734 closing Targets 768. 768 will be a major resistance. Crossing 768 the price can go to 795 and 815 levels.
Thus X/2 entry can be taken in the counter at 734 closing and X/2 after closing above 768.
Stop Loss should be at closing below 670.
ERIS trade ideas
ERIS LIFESCIENCE - Symmetric Triangle PatternERIS Lifescience is trying to create a symmetric triangle pattern in 6 months timeframe and can possibly give a breakout in upward side considering the pharma sector still has a pending bull run. One can take a long position from 517 - 524 for a possible breakout. Targets should be - 546 - 588 - 588++
Eris Weekly Chart - Ready for BreakoutDowntrend stock, trend reversed and failed a first breakout, breaking out again.
Stock being accumulated for many months, with very good delivery numbers.
Stock fundamentally solid, good quarterly and annual numbers, debt free
CMP 565, target 750 to regain its previous high and then in blue sky zone
Eris. TechAnalysisThis stock can do a momentum in coming trading sessions.
Support
487.
470.
462.
Resistance
517.
524.
531.
This stock may consolidate for few days also.
My calculation and analysis says to make a long position..
Buy above 508.
Stop loss 482-475.
Target 517,524.
I am not sebi registered analyst this is my personal view.