Rainbow Hospitals is making a Rising Wedge Pattern which is a bullish pattern and as per it we can expect Target of 2500+. Other factors:
1. One of the best Pediatric Hospital Chain in India. 2. Fundamentally strong stock with QnQ great results 3. Capacity expansion of 50%+ bed increase with state of art hospital in Gurgaon 4. Acquisition of hospitals in north east & Hyderabad 5. Technically a rising wedge pattern which is a bullish pattern
Based on fundamentals & technical analysis this stocks is looking great. Do keep in your radar!!
Keep following Cleaneasycharts as we provide Right Stock at Right Time at Right Price!!
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