ashishskbtc

MEDPLUS Upflag Pattern buy for 841

NSE:MEDPLUS   MEDPLUS HEALTH SERV LTD
Medplus Stock shows upflag Pattern & currently trading above the anniversary date of 23 Dec

Pros
1. Golden Crossover before the breakout candle
2. Upflag Pattern
3. Breakout with good volumes
4. Trading above the anniversary date of 23rd December
5. good profit growth of 25.7% CAGR over last 5 years
6. Piotroski score = 7

Cons
1. Stock is trading at 6.23 times its book value

Verdict
1. Target = 841*
2. Stop Loss = 744
3. Buy : 752-754
4. Risk = 8
5. Reward = 89
6. Risk Reward Ratio = 1:11

* This is not a recommendation, These are my personal analysis , please do your analysis before investing happy and safe investing

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