Indraprastha Medical Ltd | Bullish Flag Breakout | Swing SetupCompany Overview (Fundamental)
Indraprastha Medical Corporation Ltd (IMCL) operates under the Apollo Hospitals Group and manages the Indraprastha Apollo Hospital, New Delhi — one of India’s largest multi-specialty hospitals. Company financially strong, consistent profitability, improving margins, and low debt.
Fundamentally stable company with consistent earnings and a defensive sector (Healthcare).
Strong base for technical breakout follow-through.
💰 Market Cap: ~₹5,400 Cr
📈 Revenue Growth (YoY): +16% (Strong Growth)
💸 Net Profit Margin: ~10–12% (steady)
💵 Debt-to-Equity: 0.05 (virtually debt-free)
📊 ROE (Return on Equity): ~20%
Technical Overview
The setup represents a bullish continuation phase, with EMAs stacked positively and volume confirming accumulation.
Price trades above all 3 key EMAs (9, 20, 50) — strong bullish alignment.
Formation of a textbook Bullish Flag Pattern after a sharp pole rally from ₹460 to ₹610.
Recent candle closed bullish with +3.4% gain and high volume (2.48M) — indicating renewed buying interest.
RSI ~60 → Momentum healthy and not overbought.
MACD positive crossover developing, confirming bullish trend strength.
Price Action Analysis
Clean, bullish, momentum-driven move with volume confirmation.
Buy on dip near breakout retest at ₹580-583
Book Partial profit at ₹625–630
target 2: ₹655–660 this will be Flag breakout projection.
A perfect risk to reward ratio following.
Disclaimer
This analysis is for educational and research purposes only — not investment advice.
Always do your own due diligence and manage risk before trading.
