Coming out of consolidation#MEDPLUS
- After BO the stock consolidated again and now
Coming out of it
- Above Key EMAs
- Bullish RSI
MEDPLUS trade ideas
MEDPLUS LOOKS GOOD WITH A BREAKOUT OVER RESISTANCE LINE WITH VOLMEDPLUS has price action has given a Breakout over a long term resistance line at 781.35 on 26-May-23 and this happend the day after the Financial results for FY.
Taking the length of the Wedge (about 200) and the past Resistance/ Support Levels, there is a potencial for
Entry Above 781 for a long trade
StopLoss: below 720
Target 1: 858
Target 2: 948
Note: I am not a professional trader or advisor. This is just to share my study/ analysis. Any actions by you should be based on your independent analysis.
MEDPLUS - Weekly AnalysisIn the Weekly Chart of MEDPLUS ,
we can see that; it has given breakout from Inverted Head & Shoulder Chart Pattern.
Also, it has retested.
MEDPLUSBuy: Next open price
Sell: Will update, will review every weekend.
S/L: No need, will review every weekend.
Ascending Triangle patternAscending Triangle pattern
#MEDPLUS
- Above Key EMAs
- Bullish RSI
- Go through the chart for more explanation
MEDPLUS readyChart -> MEDPLUS Daily
Wonderful base formation and breakout of 6 times resistance line with volume!
CMP: 813
Good Range: 750 to 815
Target: 947, 1133, 1343
SL: 730 Daily 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.
MEDPLUS range breakout doneNSE:MEDPLUS BSE:MEDPLUS
Time Frame – Weekly
Observations : -
* Range Breakout seen with good volume
* Downtrend structure break
Resistance – 945 / 1132 / 1343
Support – 674
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
#Medplus | Witnessing best trading session after IPOMedplus cup & Holder breakout in the stock sustaining above 780 may take the stock to 1000 levels
MEDPLUS Upflag buy for target 841MEDPLUS stock showing upflag chart pattern and trades above the Anniversary Date
Pros
1. Upflag pattern
2. Breakout with good Volumes
3. Golden Crossover before the breakout candle
4. Piotroski score 7
5. Good profit growth of 25.7% CAGR over last 5 years
Cons
1. Stock is trading at 6.23 times its book value
Verdict
Target = 841
SL = 744
Buy@ = 752-755
Risk = 8
Reward = 89
Ratio Reward Ratio = 1:11
Potential upside = 89.41%
* These are my analysis & not recommendations please take your decision basis your analysis
MEDPLUS Upflag Pattern buy for 841Medplus Stock shows upflag Pattern & currently trading above the anniversary date of 23 Dec
Pros
1. Golden Crossover before the breakout candle
2. Upflag Pattern
3. Breakout with good volumes
4. Trading above the anniversary date of 23rd December
5. good profit growth of 25.7% CAGR over last 5 years
6. Piotroski score = 7
Cons
1. Stock is trading at 6.23 times its book value
Verdict
1. Target = 841*
2. Stop Loss = 744
3. Buy : 752-754
4. Risk = 8
5. Reward = 89
6. Risk Reward Ratio = 1:11
* This is not a recommendation, These are my personal analysis , please do your analysis before investing happy and safe investing
MEDPLUS LongStock has consolidated after the fall and has protected lows there by forming a potential bullish pattern
Levels on the chart for reference
MEDPLUS on Breakout; above 666 for Intraday on TuesdayMEDPLUS on Breakout; above 666 on Tuesday 28 Feb for Intraday gains
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Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
MEDPLUSIn Weekly chart of MEDPLUS,
Looks like it will create a positive upward momentum in coming weeks.
Plan an ENTRY with proper SL.
keep on booking your profits.
Medplus- Downtrend stopped, one can take small risk.Buy 715-730, keeping SL 690 on closing basis. Targets, 750, 775, 800
MEDPLUSH HEALTH -Plan your trade trendline breakout .Medplush Health Buy Setup upside move Possible .only education purpose...
Low risk set Up ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏
MedplusMedplus health can see an upside coming soon, it's a newly listed company in the health sector.
MedPlus Health careBest swing trade generated in this stock.
Buy @1050 or above for immediate target 1500++ short term target.
