Vijaya Diagnostics looks good Positionally.
Updated
#tradeideas #Vijayadiagnostics. Medium/Long-term idea.
🟢Trying to Breakout From base.
🟢HH-HL structure intact.
🟢Good RSI.
🟢Good quarterly results.
🟢Trading above 50 DMA.
🟢Pharma/Diagnostics/Healthcare sector shows
promise.
🔴Volume needs a bit more improvement.
🔴Weak Market and chances of fakeout.
Please do not forget to:
-Manage Risk /Position Size.
-Respect SL
▶️Market Cap₹ ---10,521 Cr.
▶️Current Price---₹ 1,025
▶️Stock P/E---78.5
▶️ROCE---19.5 %
▶️ROE---17.8 %
🟢Trying to Breakout From base.
🟢HH-HL structure intact.
🟢Good RSI.
🟢Good quarterly results.
🟢Trading above 50 DMA.
🟢Pharma/Diagnostics/Healthcare sector shows
promise.
🔴Volume needs a bit more improvement.
🔴Weak Market and chances of fakeout.
Please do not forget to:
-Manage Risk /Position Size.
-Respect SL
▶️Market Cap₹ ---10,521 Cr.
▶️Current Price---₹ 1,025
▶️Stock P/E---78.5
▶️ROCE---19.5 %
▶️ROE---17.8 %
Note
T1 Hit and crossed within a day. Further addition possible if it is closed above T1Trade closed: target reached
T2 Hit. Got a good 20% in the ultra short term. The structure looks nice. If anyone wants to hold for longer can try doing that. 
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