Double 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 :-)
In 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 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 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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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...
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
In 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*
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 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...
MEDPLUS 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...
Medpluse 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
MEDPLUS 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...
