MedPlus Weekly breakout done
Buy near CMP 730
Long term Target 950-1370+
Only for educational purposes
MEDPLUS trade ideas
MEDPLUSMedplus has given trend-line breakout with increased market participation. Seems promising for midterm trading. Trend reversal is quite possible after almost a year's consolidation.
MEDPLUS 1D Swing Trader ! Price Action Follower!
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Disclaimer-I am not SEBI registered or authorized analysts. The charts and level posted will be my personal view only.
# MARK MY TRADE
MEDPLUSMEDPLUS looks good --- Weekly Close above 735 then chances of 950 to 1250, with a strong support of 630.
Just Sharing to build my confidence. No suggestion of buying stock.
MEDPLUS - Trendline and Symmetrical Triangle breakoutPrice decline since 2022 and the price consolidate since Feb 2024 inside the triangle and it breakout that and black color trendline this week. As this stock in downrange, this need to be consider very carefully or view this for educational purpose.
MedPlus Buy at CMP near 730
Weekly breakout done
Long term Target 960-1370+
Only for educational purpose
medplus share longNSE:MEDPLUS
medplus share long
note:
don't buy / sell this stock, please trade with your own research and responsibility.
Did you Ride the Medplus Momentum?September 4, 2024
On Sep 2, 2024, we had posted our analysis of a short-term uptrend in Medplus. Here is the chart we initially published
As anticipated by us, Medplus breached the 50%, 61.8% and 78.6% Fib levels in just 2 trading days.
From Rs. 685, the stock zoomed to Rs. 729, giving around 6.4% returns.
We alerted you right before Medplus took off.
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Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Ride the Medplus Momentum: Short-Term Trade AlertSeptember 2, 2024
Medplus seems to have completed a triple correction and is on the rise.
It created a demand zone between Rs 595 and Rs 605 level.
The stock retested the demand zone for the second time in the last week of August, and as expected, buyers came and moved the stock up toward the Fib retracement 50% mark.
If Medplus holds the 50% level and volume comes in, we can see it moving up and hitting the 61.8% mark.
Breach of 61.8% level with good volume and momentum will propel the stock towards the 78.6% level. The next target level would be 100% of Fib retracement.
Those interested can enter the trade if the stock trades above the 50% level for at least 2 hours.
Exit the trade if the stock goes into downtrend and closes below the low of the candle formed on Aug 30, 2024.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Take Medplus Health for almost double targetTake entry at cmp 669
Target 1227
Term 1.5 year to 2 year
Next average price at 572Rs...at this level invest same amount and make weekly closing basis stop loss of 547Rs......
Downside will be limited and upper side will be open sky so this will be good deal for investors...
we can see W pattern on monthly chart. Lets see W will be a part of our Wealth creation or not.
Medplus - Good volumes. Best above 679Medplus - Low risk setup. Volumes increased. FII/DII already invested.
One can enter above 679 and average up as it moves, with strict stop loss of 632.
Please note this stock may frustrate you and highly suggest to keep accumulating this stock upwards
Disclaimer : Educational Post. Please do your own research.
MedPlus- bottoming outGreat management
Pan India growth
Expansion and franchise model doing well
Make their own medicines at lowest cost
Only issue is margins at this rate
They dont have pricing power
MEDPLUS - Weekly AnalysisIn the Weekly Chart of MEDPLUS ,
we can see that, it is at decision making point.
Enter on breaking Candle's High with low as SL and Go long.
Expected momentums are shown in chart.
MEDPLUS reversingMEDPLUS is reversing after great downfall.,
good greencandle with good volume
good for swing trade
Medplus : Bounce from Support regionMed plus :
Strong Bounce from Solid support region,
expecting up-move from here
support at 580
Risky though!
Medplus Health Services LtdDouble bottom on Weekly chartexpected
Buy at support level 600 - 544
Stoploss 520
Target 900 - 1300
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Happy Trading :-)
MEDPLUS - Weekly AnalysisIn the Weekly Chart of MEDPLUS ,
we can see that, it has spent weeks near trendline.
It is at make or break situation.
Enter on breaking of Candle's High with low as SL.
Medplus Bullish Divergence seenMedplus Bullish Divergence seen on daily tf
positional view will be for 900 from 813 above with
risk reward ratio of 2.08
dc : only for educational purpose
BUY MEDPLUS PRICE @749 33% ROI EXPECTEDBUY MEDPLUS PRICE @749 33% ROI EXPECTED
Buy1 cmp entry @749
Target 1 @978
ROI 1 @33
Buy2 Pending entry @600
Target 2 @978
ROI 2 @64
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PRABHUMAYAKANNAN
MEDPLUS HEALTH SERVICES LTD (ACCUMULATE)Sector: Healthcare/ Industry: Pharmaceuticals & Drugs
Market Cap: 8924.56/- Cr. / Category: Small Cap
Current Price: 747.75/- Target Price: 847,947,1057/- Stop loss: 612
Ticker: NSE: Med plus Health Recommendation: BUY (Buy @ Current Price)
Date: 11/12/2023
Highlights
We issue a Buy recommendation on Med plus Health Services ltd. Based on a 6 -weeks Target price of 847,947,1057/-, offering a 26.7% upside potential from its closing price of 747.75/- on 11/12/2023. Our recommendation is primarily driven by Elliott wave theory:
Elliott Wave Theory Outlook –Med plus Health Services ltd, Buy @ Current market price
December 11, 2023 By Dinesh Naidu
Hello traders. In this technical research report we’re going to take a quick look at the Elliott wave chart of Whirlpool India ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favoring the long side. Recently we are in an Impulsive structure in a Daily time frame.
The stock has already given us wave ((B)) pull back that has unfolded as Zigzag A-B-C pattern in a daily min’s time frame. The price might reach extreme zone at 947-1057.25, We don’t recommend selling the stock and prefer the long side from the 100 & 123.6% Fib extension levels. As the intermediate trend might turn bearish in a lower time frame, we expect to see at least 3 waves bounce from our buying zone. Once price bounce reaches 100% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 612 level.
Disclaimer: I am not a SEBI Registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
Medplus taking supoort of trendlineMedplus is at good support of trendline and Fib ratio points 50% and Sl and targets are mentioned on chart
Medplus: A Healthy Opportunity 🏥📈Medplus is showing strong potential for a buy, as it retests the major support line. Keep an eye on the first target at 888 and the second target at 970, with a stop at 750 for risk management
