KMC Speciality Hospitals setting up nicely for a breakout with good volume and clean price action, as I highlighted in the chart we can see a clean cup (with a big base) and handle internal pattern formation. Also company has good fundamentals (high ROIC+ROCE, quick cash flow business, debt in control and good earnings growth). I have entered the scrip at 63 and...
LOTUS EYE ASCENDING TRIANGLE BREAK OUT & PARALLEL TRENDLINE
Hospitals should be the best industry in these COVID Times. But Surprisingly Apollo was 1800 on Mar 1st and touched a low of 1080 and now it is 1650. Third listed Hospital is entering the scene after Apollo, Fortiss and now its Max. at the current price still it looks little rich, I would go long around 1625.
Bullish Bias Breakout above pivot levels and retesting can be bought at CMP levels Stop Loss of 315 Target of 380 Levels
APOLLOHOSP has broken its recent downtrend line and closed above the line. Signifying renewed interest in the stock coming in as volumes are double and the PA covered previous 3 days downfall. Buy APOLLOHOSP Above 1029 for Target 1 of 1059 and Target 2 of 1086 with Stop-loss on closing basis of 1015. Please consult your Financial advisor before taking a call on this.
I hope everything explained in chart itself, if anything specific or more info drop a line or you can ask :)