Medplus-A beautiful W in the making!Medplus has been in a downtrend since couple of years.
Stock is showing strong reversal after a base formation.
Stock has potential to test ATH and also make new highs.
Keep in watchlist. Not a recommendation.
MEDPLUS trade ideas
MEDPLUS - 3 YEARS TRENDLINE BREAKOUT Can Enter at 760
if again falls then you need to average at 565 level
Target - 980,1230,1340
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HAPPY TRADING 👍
MEDPLUS: 82% upmove possible🔶𝗜 𝘀𝗰𝗮𝗻𝗻𝗲𝗱 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗵𝘂𝗻𝗱𝗿𝗲𝗱𝘀 𝗼𝗳 𝘀𝘁𝗼𝗰𝗸𝘀 𝘀𝗼 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂 𝗱𝗼𝗻'𝘁 𝗵𝗮𝘃𝗲 𝘁𝗼🔸
Here are My Top 4 Breakout Picks. A thread 🧵
1.
➡️3 year trendline #breakout possible
➡️82% away from ATH
➡️highest ever sales and profit
➡️improvement in margins
Cons
➡️ High PE
MedPlus Weekly breakout done
Buy near CMP 730
Long term Target 950-1370+
Only for educational purposes
Swing Symmetrical Triangle Pattern:
The price has been consolidating within a symmetrical triangle, formed by converging trendlines.
The breakout above the triangle suggests a potential bullish trend continuation.
Resistance Level (₹745.35):
The horizontal line at ₹745.35 acts as a key resistance, which the price is currently approaching.
Volume:
Noticeable volume increase during the breakout, adding strength to the bullish signal.
Current Price (₹741.80):
The price is near the resistance, and a decisive move above ₹745.35 could indicate further upside.
Summary:
A breakout from the triangle with rising volume points to bullish momentum. Watch for a sustained move above ₹745.35 for confirmation of a further rally.
Mid term bet - Making higher high and rounding bottomMid term bet - Making higher high and rounding bottom, good to buy with appropriate stop loss - below recent low in weekly chart around 600, stop loss is 20% away.
Mid term target above 1100 almost 50% from current levels
MedPlus Stock technically look like bottom out, break out Trend with good buying volume
Sustain above ema's .
- jun 23 fii holding 4.43% , currently sep 2024 (14.74%)
-dii holding sep 2023 25.50% , Currently sep 2024 (27.98%)
Public holding consolidated from long time 26-20% between, but this sep 2024 Public holding decrease (16.85%)
Stock trade below medium PE ,
Recently many mutual funds bought stock on 18th November via bulk deal.
--(Pi opportunity fund Sell) ,
(-Buyer -)
SBI mutual fund,
Kotak mahindra mutual fund,
Invesco mutual fund ,
Franklin Templeton mutual fund ,
Morgan Stanley Asia Singapore,
Other financial balance sheet you can read online,
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 1D Swing Trader ! Price Action Follower!
Join for High potential break out chart updates.
Disclaimer-I am not SEBI registered or authorized analysts. The charts and level posted will be my personal view only.
# MARK MY TRADE
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.
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 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 :-)
