Stock is giving fresh breakout after consolidation but it.
Must close above 1080 on weekly basis
Target 1240-1400
Sl 970
ONE CAN ADD 20-30 QTY FOR NOW
Follow the given levels. this is not a buy/sell recommendation, Just for educational purpose only. Do your research & Invest.
#NarayanaHrudalaya #NH
It has a network of multispecialty and super specialty hospitals.
Market Cap₹ 28,957 Cr.
ROCE 31.6%
InstHold 21.7%
Free Cash Flow ₹ 563 Cr.
Growth YOY:-
SALES 6%
PAT 22%
Bluesky Breakout with Volume.
📊 DETAILS
Sector: Hospital & Healthcare Services
Mkt Cap: 24,879 cr
Narayana Hrudalaya Ltd is engaged in providing economical healthcare services. It has a network of multispecialty and super specialty hospitals spread across multiple locations.
TTM PE : 33.73 (Average PE)
Sector PE : 83.13
Beta : 0.48
📚 INSIGHTS
Strong Performer
Stock with...
The Script has given a Descending Triangle Breakout with good volumes on the daily Chart. An entry above 1218 can give a target of 1300+ with a SL at 1158. Above 1314, the script will give a ATH BO. Fundamentally also NH is a sound stock.
Simply pointing some point to study the NH chart.
1. Its above 50 EMA
2. Gap up
3. NH in uptrend
4. Breakdown consolidation recently
5. Wait for retracement
6. Risks & Rewards 2:1
Conclusion:
My analysis shows potential strong bullish run.
I am not a sebi registered analyst. My studies are for education purposes only.
Looks like this is poised for a run away move . Its seems to trying to make 1-2-(i-ii-iii-iv-v) . But it needs to break out of the base channel for confirmation .
Chart is self explanatory.
It is not an investment advice. Only for Educational purpose.
Kindly do your own research before buy/sell decision.
Thank you!
Narayana Hrudalaya Ltd is engaged in providing economical healthcare services. It has a network of multispecialty and super specialty hospitals spread across multiple locations.
Can be very good pick from healthcare sector because:
1.Cheap valuations as compared to peers
2.Technically much stronger
BO with Retest Done
PIck for short term gains
Narayan rudhalaya( NR) -
daily & weekly breakout with good volume after 3 months of consolidation between 977 to 1064. Rsi above 60 & RS is also showing strength. Flag pattern breakout also seen on daily chart.
Buy near 1095 or above 1105
Sl 1069
Tgt 1150-1180-1203 as per fib & pivot.
1400 for 3-6 months holding
Discl: this is purely education purpose....
NH:- The stock was consolidating for the last few months and gave a breakout. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to...
