Stock Analysis – Narayana Hrudayalaya Ltd. (NH)📅 Date: January 30, 2025
📊 Timeframe: Daily Chart
📌 Market Snapshot
Change: +82.95 points (+6.36%)
Volume: 422.71K vs 295.96K (Above average volume, indicating strong interest)
Momentum Indicators: RSI breakout
Candle Pattern: Strong Bullish Candle
⚡ Levels to Watch
🔴 Key Resistance Zones (Above Current Price)
🚀 1,425.98 – Immediate hurdle
🚀 1,464.82 – Next breakout zone
🚀 1,527.78 – Major supply area
🟢 Key Support Zones (Below Current Price)
🔻 1,324.18 – Short-term support
🔻 1,261.22 – Key demand zone
🔻 1,222.38 – Strong base
🚀 Conclusion
Narayana Hrudayalaya Ltd. is showing strong bullish momentum with an RSI breakout and a powerful bullish candle. The stock is in an uptrend, and the volume above the average suggests robust buying interest. A key focus will be on whether the price can sustain above the support zones to confirm further upward momentum.
Could the price hold above the support levels and continue the bullish trend towards the resistance zones?