#MEDANTA – Strong Breakout After 6-Month Base! 🚀
✅ Bullish Momentum Building! #Medanta (GLOBAL HEALTH LTD) has broken out of a 6-month consolidation base with above-average volume, signaling renewed buying interest.
Key Technical Highlights:
Breakout Confirmation: Price has decisively moved above its 6-month base, indicating strength.
Volume Surge: The breakout is supported by above-average volume, confirming strong accumulation.
Relative Strength vs. Nifty: Turned positive, showing outperformance and potential trend continuation.
Moving Averages: Price is trending above key moving averages, reinforcing bullish sentiment.
Trading Plan:
📌 Entry: Looking for sustained price action above the breakout zone.
📌 Stop Loss: Below key support levels to manage risk effectively.
📌 Targets: Monitoring for potential upside continuation based on past price structures.
Final Thoughts:
With a strong base breakout, volume confirmation, and positive relative strength, Medanta is showing strong momentum. I expect the stock to continue its upward move and will be watching closely for further confirmation.
📢 Do you agree with this breakout? Share your insights below! 🔥
✅ Bullish Momentum Building! #Medanta (GLOBAL HEALTH LTD) has broken out of a 6-month consolidation base with above-average volume, signaling renewed buying interest.
Key Technical Highlights:
Breakout Confirmation: Price has decisively moved above its 6-month base, indicating strength.
Volume Surge: The breakout is supported by above-average volume, confirming strong accumulation.
Relative Strength vs. Nifty: Turned positive, showing outperformance and potential trend continuation.
Moving Averages: Price is trending above key moving averages, reinforcing bullish sentiment.
Trading Plan:
📌 Entry: Looking for sustained price action above the breakout zone.
📌 Stop Loss: Below key support levels to manage risk effectively.
📌 Targets: Monitoring for potential upside continuation based on past price structures.
Final Thoughts:
With a strong base breakout, volume confirmation, and positive relative strength, Medanta is showing strong momentum. I expect the stock to continue its upward move and will be watching closely for further confirmation.
📢 Do you agree with this breakout? Share your insights below! 🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.