📊 DETAILS
Sector: Hospital & Healthcare Services
Mkt Cap: 5,347 cr
Healthcare Global Enterprises Ltd is engaged in setting up and managing hospitals and medical diagnostic services including scientific testing and consultancy services in the pharmaceutical and medical sector.
TTM PE : 151.78 (High PE)
Sector PE : 93.53
Beta : 0.16
📚 INSIGHTS
...
HCG - 5 month Price consolidation. Touched All time high.
-ves:
Price retraced but not with low volumes.
Every up move is followed by selling, There is chance that existing investors trying to exit.
+ves:
Above 390 with positive volume should give 10% up move.
Price retraced with high -ve volumes but the fall is not more than 2 % suggests buyers interest...
NSE:HCG
cmp 384.35
watch for closing above 390 & then ride the trend
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain...
Ascending Triangle Breakout
RSI near 65 and rising
Trading above EMA50
Volume accumulation
Possible Levels >> 404 >>> 448 >> +
Stop loss >> 361
Disc: For study, not a recommendation
Fundamentally::
- Cheapest across the Hospital Industry, with 18x CFO to EBITDA
- Cancer care is in the great tailwind across developed economies, which makes HCG a good play for the long run. As India evolves into a developed country, or India positions itself as a medical treatment outsourcer.
- CEO is capable of envisioning a turnaround in the business
...
A sector which has good tailwinds and get cash flow generations..
This stock has been flirting with breaking into ATH momentumm but has failed a few times..
Next time the stock breaks the wedge above 325 it could break into a territory its never close in on a weekly basis.
SL for the trade could be 312 after entry.
The stock has been compressing around this resistance level and we can go long at current price
stop loss would be below 295.
We can double the allocation above 355.
HCG:- Stock has given breakout after 5 years, last 1 year consolidating in small range, now it has given breakout, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow...
Chart -> HCG Weekly
Stock has given a darvas box breakout with volume confirmation.
CMP: 314
Target: 354
Good to add: Around 300
SL: 285 Weekly 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.
HCG has broken out of a very frustrating resistance. Keep a tight stop loss at 300 and go long in this one. Hospitals are also currently the flavor of the market so ride the momentum.
HCG has came from a wedge and consolidating a long time above the wedge. Breaking above the trendline can trigger to good move.
Draw on your chart and wait for the breakout on daily candle (strong ) closing.
#HCG has been trading in the range of 260-300 since the last 7 months.
Accumulate in range of 280-260
Target of 300 ( 10% upside in 2-3 months)
Stoploss weekly close below 250
Risk Reward 1: 1.5
