Breakout in Kovai medicalThere is a breakout in kovai medical. There is a currently positive momentum in the healthcare industry. One can keep this stock lso in the radar. Valuations are not too strecthed for this counter as compared to its peer.
KOVAI trade ideas
Kovai Medical Center & Hospital Ltd - Breakout Setup, Move is ON#KOVAI trading above Resistance of 5727
Next Resistance is at 6757
Support is at 4807
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Kovai Medical: at Long Consolidation BreakoutKovai Medical: at Long Consolidation Breakout with strong momentum supported with volumes from strong support zone in daily timeframe. CMP 5839.
KOVAI (KMCH) | Trendline breakout - Looks potential for 20%KOVAI (KMCH) | Trendline breakout + 200 EMA support - Looks potential for 20%
CMP : 1587 (Dip : 1550)
SL : 1470
Target : 1870
1:3+ risk reward setup
P.S : Stable stock, but average daily volume is very low
KOVAI MEDICALA nice triangle base formation
Volatility contraction
Dried up volume
Good potential for upside
KOVAI.............................................................................................................
keep your eyes here too. 850 is d break out level.I am accumulating it gradually.
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
