CUP AND HANDLE PATTERN IN narayana* cup and handle pattern
* higher low pattern
* lower supportive trendline
*volume breakout after consolidation phase
*stoploss 500
* RSI 68
* positional target of 9-10%
NH trade ideas
Buy Narayana HrudayalayaIt 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** Invest as per your risk taking ability**
NH (NSE/BSE) Team Investing GrowthHello Traders,
All information given by our side is use for education and virtual trading purpose only before investing we suggest you to follow the SEBI registered financial advisor or do your self, NH (Sector :- Hospitals & Allied Services). NH is now trading and make a cup and handle pattern on 1Y & 1D and the way for breakout long term 27% upward.
we are assure to you for best services,
Team Investing Growth.
NH (Narayana Hrudayalaya)- Strong Buy (listed on NSE)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.
Only for learning - Narayana HrudayalaStrong resistance between 324-325 on the daily chart - even though the stock is trending up, MACD is trending down. Possible breakdown from the trendline? Wait and watch...
