Detailed analysis given on the chart NSE:POLYMED
Sell @973,SL-978,TGT-960 Buy @985, SL-980, TGT-1000
POLY MEDICURE is a Medical Device manufacturing company that has been on a good rally. Especially given the COVID situation and the need for medical and surgical equipment, the company is stand to gain. Also, India is still lacking in Health care fronts compared to Global Peers hence Government has been continuously pushing the Sector. Good fundamentals and should...
Entry: 1054 Stop Loss: 975 (7.5% from entry) Target: 20-25% Background: 1. 39% Annual EPS Growth 2. Good Institutional Support
Rectangle Breakout on polymed CHART Happy LEARNING Like this idea and follow me for more ideas
buy PolyMed above 585 buy VaibhavGlobal above 2903
Break above 544/550 levels will be a good bullish sign. Day close above these levels : Possibility 1 : consolidation and sideways after BO. Good chance to accumulate. Possibility 2 : blast above 550, straightaway 10/20% move. In such case, better to wait for a pullback for entering. Close below 470 levels will be a sign of a weakness.
#POLYMED consolidating nicely and ready to BO from FLAG formation. All details on chart.