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...
This Stock keep moving upside and making Higher lows.
What do you think?
1. It is Good Breakout after 1250+ days
2. Trap on buying High
3. No idea about it
Share your view in comment section...
CMP: 1040
- Traded sideways near 50 EMA for 2 weeks
- Broke out above that range on a Pocket Pivot volume
- Today again it's a 20-day Pocket Pivot day
My SL: 3%
NARAYANA HRUDAYALA Looking good for swing.
Insights:-
Good quality company basis long term financial performance.
Size- Ranks 3rd out of 32 companies in Healthcare Services sector
Valuation price very attractive.
ADX in strong trend.
Supertrend also bullish
Above VWAP and 20 EMA.
Financial Trend:-
Pbdit (Q)
Highest at Rs 275.75 cr.
Net Sales (Q)
Highest...
NARAYANA HRUDHALAYA is monthly and weekly raising wedge breakout with an all-time high. If it open and close above 859 in weekly it will reach the target 961
NARAYANA HRUDAYALA
BUY : 765-767
TARGET : 825
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
Narayana Hrudayalaya Limited (NH) is a company that is currently experiencing a bullish trend in higher time frames such as the monthly and weekly. On the daily time frame, it is observed that the downtrend channel has been broken and a retest of the downtrend channel and support zone has occurred, forming a Drop Base Rally pattern. Additionally, there is a demand...
-Cup and Handle Pattern
-Increasing volumes
-Increased Revenue and Profit
-Increasing Market Share
-Net Income higher than industry
-New acquisitions by company
Buy once close above 800
Target1- 872
Target2- 920
Target3- 970
SL - 760
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is...
Potential Breakout - waiting for support to be taken at around 720 levels (major trendline support)
if a proper support is taken - NH can head to new highs
Technical:
Chart Breaking Out Soon.
Cup and Handle Pattern in Daily Timeframe.
Buy: 750, SL: 710, TP: 850
(Do your analysis then get into it.)
Fundamentals:
Company generating profit in preciding quater, company has good free cash flow and net cash flow.
It does look like a Volatility contraction pattern (Mark Minerveni's popular pattern) to me. Does it look the same to you? I may be wrong. Hence your comments and suggestions are welcome.
Thanks
Rohit
NH has formed classis cup and handle pattern and is ready for a breakout. One can go long at CMP with stoploss at 675 or buy above 734 where ABCD harmonic will be activated for a short term target of 780-800.
