ARTEMISMED trade ideas
Artemismed broke out of base. Long opportunity...
- Good volume
-Trading above key DMAs.
-Group movement in the pharma and healthcare sector.
Safe traders:
Wait for a retest or add 30-50% now and add the rest after the retest. SL 265 closing basis. Deep SL. So position sizing and risk management are imperative.
Risk per trade is Around 18%
RR: 1:1.2
Aggressive traders:
Can try going long above today's high ( 324.5) with SL below today's breakout candle closing basis.
Risk : 11.2%
RR: 1: 2
This is just a view about how to approach this breakout. Breakouts can fail easily in this market. So please consult your financial advisor before investing.
Hold for medium term if you know how to manage the risk. Short-term plays in this market are tricky in my opinion.
#ARTEMIS MEDICARE Perfect breakoutdear friends
#ARTEMIS MEDICARE
are nicely break out today with high volumes
my veiw on this stock is very good for swing traders
if stock again retest the area of 200 zone with low volumes
bliandly taken position for target 265 with stop-loss at 180 below
this for learning purpose my veiw
may be you can facing a losses in this trade so take consultant from your (ca)
thankyou
ARTEMIS MEDICAREArtemis Medicare Services Ltd (AMSL) was incorporated on 2004, by the promoters of the Apollo Tyres Group, is engaged in healthcare business. AMSL operates a 541-bedded multi-specialty tertiary care hospital in Gurgaon. The specialty areas for AMSL include Orthopaedics, Oncology, Cardiovascular, Neurosciences and Bariatric & Minimally Invasive Surgery. ASML has been awarded with the NABH and JCI accreditation. AMSL has also diversified its presence through Artemis Daffodil , Artemis Lite, Artemis Cardiac Care and Artemis Solace models.
LONG ARTEMIS MEDICAREA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:ARTEMISMED
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Flag and Pole
Technical Indicator :- Positive MACD Crossover