Good Structure observed in Indramedco
For movement play buy above 96
SL below 65
Target 112-121
good support near 75-72
volumes picking up in uptrend and dry up in consolidation
Fundamentals:--
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
Risk...
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.
Thank you
Have a Nice day!!
Intraday Trade Setup..
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Sell APOLLOHOSP Below Rs . 1392 for The Target of Rs . 1355..
Stoploss- 1415
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Thank you,
Vishwajeet Sharma
![INDRAMEDCO: [SWING/POSITIONAL] INDRAMEDCO Long....](https://s3.tradingview.com/p/P8rJjquA_mid.png "[SWING/POSITIONAL] INDRAMEDCO Long....")
