Sector: Hospital & Healthcare Services
HTF chart shows strong uptrend in this script.
on daily chart , we can see PA in HTF demand zone with bullish structure...
195approx level may respect as a resistance so it took as a partial profit booking. Long term investors can accumulate for all time high target....
INDRAMEDCO Prediction for Swing/ Positional Trading
Entry 1 was at 175. Entry 2 was at 192. You can enter into trade above 218 or CMP or you can entry according to your experience.
Sls- according to you RRR.
Targets- 230,242,255,270,285,…(more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk...
My selection criteria as follows dor swing trade.
The stock corrected from high and tale sport on EMA.
The RS is strong.
The rsi look above 50 and show upword moment.
The close is above EMAS.
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It just for education purpose.
Indraprastha Medical has given a good multiyear break out at 77.20 with decent volumes and candlestick pattern and recently retested the same level.
So it can be bought at cmp 85.50 or on dips up to 75 for the targets 102 / 115 / 128 / 141 / 154 with a strict sl of 65.
Its Final Target is likely to be achieved in a medium to long term.
All charts posted here are...
Good Structure observed in Indramedco
For movement play buy above 96
SL below 65
Target 112-121
good support near 75-72
volumes picking up in uptrend and dry up in consolidation
Fundamentals:--
Market Cap-- ₹ 809 Cr.
ROCE-- 20.5 %
ROE-- 17.4 %
Company is almost debt free
Mcap FF (Cr.)--- 395.97
Please maintain SL closing basis as this is small cap stock
Risk...
![INDRAMEDCO: [SWING/POSITIONAL] INDRAMEDCO Long....](https://s3.tradingview.com/p/P8rJjquA_mid.png "[SWING/POSITIONAL] INDRAMEDCO Long....")
