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Pullback Trade in Global Health Ltd (MEDANTA)

Long
GLOBAL HEATH LTD. (NSE:MEDANTA)  
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NSE:MEDANTA   GLOBAL HEATH LTD.
Support and Resistance pullback pullbacktrade
2
0
supportandresistance pullback pullbacktrade
Stock Analysis
  1. Global Health Ltd (MEDANTA) is forming a double bottom pattern.
  2. This setup offers a very favorable risk to reward ratio.

Trading Strategy
  • Entry Point: Look for a breakout above the 1500 level.
  • Target and Stop Loss: Levels are plotted on the chart for guidance.
  • Stop Loss: Set your stop loss as indicated on the chart.
  • Target: Follow the target level for potential gains.

This pullback trade setup looks promising. Monitor the breakout and trade accordingly!

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