CADILLA HEALTHCARE || Swing Trade|| BUY TradeAnother stock came to our scanner is: CADILA HEALTHCARE
Entry : CMP
SL : 513
Target : 667
All the doubts are welcome !
Healthcare
Buy Aarti Drugs 780-830Waiting for a pullback to enter this stock
Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. The stock broke out of a 5 year high with extremely high volume which is seen after 5 years. it's a good sign. on the daily chart, you will see up days are on higher volume and down days are on lower volume plus there are more green bars than red bars
Fundamental:
This stock shows pretty okay sales and profit growth.
5 years of sales growth - 8.4%
5 years of profit growth - 6.3
Margins are 15%, near an all-time high of 16%, %, If the margins sustain or go higher we can see higher profits and further price appreciation
TTM earnings up 56%
METROPOLIS : In the best of health Metropolis post its results on 6th Feb did meet with some heavy profit booking that dragged the prices lower by 150 points. However, the momentum in this counter continues to remain upbeat. The dip provided a good opportunity to some strong hands to reenter and quickly place the stock back in contention. On the charts we note that the trends post a steady consolidation at higher levels is keen to take off. The charts reveal that the support offered by the KS line has proved to be quite good and the long body candle formation at the TS does augur well for the prices. With volumes building up we can expect the prices to begin a new journey towards the region of 1850 in the next few weeks. Looking at the Awesome oscillator we can observe that the trend is suggesting that there has been a pullback and it would be appropriate to enter at this moment.
Apollo hospital1) Likely to breakout of triangle pattern as low volume on retracement
2) Navi mumbai hospital which was loss making and eating away profits has now become ebitda positive, likely to boost profitability in near quarters
3) Fortis IHH deal will rerate the healthcare industry
4) RSI above 60 though fallen due to consolidation
My PredictiveEngine's Intraday call(31-May-18)-FORTIS-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 31-May-2018 for FORTIS
Buy Above: 146 for targets -
T1: 147.1
T2: 147.8
T3: 148.4
SL: 144.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
CADILAHC buy setupCADILAHC aftre a rounding bottom failure and an inverted H&S failure is now forming a cup and handle pattern.
Buy CADILAHC above 446
T1: 480
T2: 500
SL: 431
Cadilac Health Care - Forming Diagonal TriangleThe price action is trading a diagonal triangle and it is urge of a breakout on either side of it. Today's close shall determine the furture price action in this. Keeping a close eye on it as the breakout on either side shall reward in good returns.