All time high breakoutChart -> INDRAMEDCO Daily
All time high breakout with volume!
CMP: 497
Good Range to Buy: 475 to 500
Targets: 525, 545
SL: 460 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
INDRAMEDCO
INDRAMEDCO - Bullish Flag PatternINDRAMEDCO - Has shown a Bullish Flag pattern in the Daily time frame - This shows strength in the stock and also means potential upside in the near future.
The company has a fantastic history and fundamentally has very attractive numbers, not only this is a good entry point for swing traders but also a good stock to hold for a long term.
Note: These views are personal and for informative/ educational purpose only. Please conduct your own research before making any investment decision.
INDRAMEDCO For Swing TradingINDRAMEDCO Prediction for Swing/ Positional Trading
Entry 1 was at 175. Entry 2 was at 192. You can enter into trade above 218 or CMP or you can entry according to your experience.
Sls- according to you RRR.
Targets- 230,242,255,270,285,…(more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About INDRAMEDCO –
Indraprastha Medical Corp. Ltd. engages in the healthcare business. It operates through the following segments: Healthcare Deliveries, Pharma, and Medical Technologies and Others. The company was founded on March 16, 1988 and is headquartered in New Delhi, India.
[SWING/POSITIONAL] INDRAMEDCO Long....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 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy around 73%(Please maintain your SL)