STRIDES PHARMA ANALYSIS

FOR LEARNING PURPOSE

STRIDES PHARMA LTD - The current price of STRIDES PHARMA LTD is 826.80 rupees

I am going to buy this stock because of the reasons as follows-

1. Its coming out from a good consolidation base

2. It broke a strong resistance zone and making ATH

3. It is showing better relative strength as it stood strong in volatile times

4. The risk and reward is favourable

5. The stock belongs to a sector which is defensive and has not done much in last weeks so I am expecting some move from that. Also, many new recent developments are going with the stock which can act as good catalyst.

6. The stock was very strong in 2023-2024 and then it went into some good rest for almost 7 months

7. The stock has been outperforming major Index as well as Sectoral Index which is a good sign

I will buy it with minimum target of 35-40% and then will trail after that.

My SL is at 722.55 rupees
I will be managing my risk.