-Cup and Handle Pattern
-Increasing volumes
-Increased Revenue and Profit
-Increasing Market Share
-Net Income higher than industry
-New acquisitions by company
Buy once close above 800
Target1- 872
Target2- 920
Target3- 970
SL - 760
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is...
NH has formed classis cup and handle pattern and is ready for a breakout. One can go long at CMP with stoploss at 675 or buy above 734 where ABCD harmonic will be activated for a short term target of 780-800.
NSE:NH
stock consistently making higher high & higher lows in bigger TF.
Now at support zone.
we can keep SL= 608 for higher returns
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
NHL Breakout & Retestdone.
Buy above the Resistance turned support zone. Targets are indicated in the chart.
Logic
-UPtrend & 3 VCPs patternabove 21 EMA
- Breakout with volume & Retest done.
- Volume squeze during 3VCPs formation.
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Narayana Hrudayalaya is forming a Volatility Contraction Pattern in a daily time frame. Now previous week it has broken its resistance with good volume and given strong closing.
Price has broken its resistance but RSI still struggling
SL 482
Target 707
Narayana Hrudalaya - Buy
Buy Range:443-412
Upside Target: 470, 524
Support Levels: 412,396,380
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You can also see my other stock analysis and the results in my profile ideas. ...
NH in good shape to give 25-40 % in 6-12 month. This fundamentally sounded company in good price for a buy. Possible target 425-475-520 in three target . Stock may come near 340-350 zone, then second phase of buy can initiate with an SL below 300. Currently stock at many strong support..
