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 trade ideas
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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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
MEDPLUS - Weekly AnalysisIn the Weekly Chart of MEDPLUS ,
we can see that, it has retested the support second time.
it might retest the W breakout trendline.
Expected momentums are shown in chart.
MEDPLUS*MedPlus*
IPO reversal
Circle Indicates Rejection with high volume at that price
Strong Bullish candles with high volume indicates buying in the stock
Disclaimer - This chart is only for educational purpose, please do your on study before taking any trades
Medplus Health Services Ltd - Long Setup, Move is ON...#MEDPLUS trading above Resistance of 945
Next Resistance is at 1039
Support is at 827
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
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.
MEDPLUS - 30% RETURNS???BUY - MEDPLUS HEALTH SERVICES LTD
CMP - Rs. 772
Target - 1: Rs. 876
Target - 2: Rs. 992
.
Maximum ROI - 31%
.
Technicals - Price Volume Breakout
MEDPLUS Episodic Pivot Trade IdeaMEDPLUS had an episodic pivot and gave a good retracement near its previous support and now is clearly respecting its 50 day moving average which is a clear indicator of strength in the scrip. Good opportunity to go long.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
MedpluseMedpluse create poll and flag formation on short term up side breakout possible in coming trading session
my short term target 865
buying at 818 for 5% up side
Coming out of consolidation#MEDPLUS
- After BO the stock consolidated again and now
Coming out of it
- Above Key EMAs
- Bullish RSI
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
