DCAL:- CMP 146 LOOKS Good for Target 190/250++ Stop Loss 100
1) Inverse Head And Shoulder (Downtrend Reversal Pattern)
2) Descending Channel (Reversal Pattern)
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.
Currently trading in a previous resistance zone as marked on the chart. Break above these levels will lead to 120 in medium term.
Current levels ok to build position (Waiting for break out of resistance zone not Needed)
Investing in this stock would require patience as it has a tendency of consolidating within a range for long periods before moving.
This is only...
NIIT, has been a dynamic stock, which has quadrupled over the last one year. But if one sees the Forest from the trees, its seems that its merely regained the highs reached back in 2008.
I feel that it will consolidate here. Very little chances of it crossing Rs 195 and going into new unchartered territory.
RSI is high, LT channel is not giving a great rosy...
