Target: Rs 905
Stop loss: Rs 849
Strides Pharma Science (STAR) has broken above its recent swing high and is currently trading in a Higher High, Higher Low formation on the daily timeframe, signaling a continuation of the uptrend. The stock formed a strong bullish candlestick in the latest session, backed by volume above the 20-day average indicating robust buying interest. Technically, it remains firmly above the 20, 50, 100, and 200-day EMAs, reinforcing the prevailing bullish trend. Additionally, the RSI stands at 77.50, pointing to strong momentum and potential for further upside.
(Drumil Vithlani, Technical Research Analyst at Bonanza)
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