Fundamental plus Technical Analysis on a Financially Strong Company: Narayana Hrudalaya Ltd is engaged in providing economical healthcare services. It has a network of multispecialty and super specialty hospitals spread across multiple locations. Focus Company plans to add 700 plus beds for the next 3-4 years at Bangalore Health City. It intends to invest upto...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
It seems that the stock has bottomed out and will advance up from current levels. The stock is currently trading at 430 levels. The first target will be 510 which is roughly 18% from current levels. Keep a view of 5 months and buy. Keep Stop loss of 387 initially on weekly closing basis and trail the stop loss once it goes in our favor. **Ideas are my own**...
NH witnessed heavy accumulation, poised for a limit up today, shall target 750 in the short term. Quarterly Net Profit at Rs. 27.60 crore in March 2021 up 432.3% from Rs. 5.19 crore in March 2020. We expect further rise in profits in the coming years and that shall trigger massive up move.