THYROCARE TECH LTD ANALYSISFOR LEARNING PURPOSE
THYROCARE TECH LTD - The current price of THYROCARE TECH LTD is 1085.45 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. It broke a strong resistance zone of 2.5 year and it's trying to go up towards new ATH
3. It is showing better relative strength as it stood strong in volatile times
4. The risk and reward is favourable
5. The stock belongs to a sector which is trying its best to be strong and probably it can do great in coming days.
6. The stock has done almost nothing in last 4 years (approx) and it has acted as a laggard (many stocks have made ATH much back)
Now it's trying to go up and the structure is improving.
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 943.15 rupees
I will be managing my risk.
