Good Structure observed in Indramedco
For movement play buy above 96
SL below 65
good support near 75-72
volumes picking up in uptrend and dry up in consolidation
Market Cap-- ₹ 809 Cr.
ROCE-- 20.5 %
ROE-- 17.4 %
Company is almost debt free
Mcap FF (Cr.)--- 395.97
Please maintain SL closing basis as this is small cap stock
A BREAKOUT IS EXPECTED. SO KEEP YOUR EYES ON THE CHART.
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
Have a Nice day!!
Intraday Trade Setup..
Sell APOLLOHOSP Below Rs . 1392 for The Target of Rs . 1355..
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