52 Week High Breakout - Positional Trade - Long TermDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Weekly Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
HCG trade ideas
HEALTHCARE GLOB ENT LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Darvas Box Strategy - Breakout Stock Disclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. As Stop loss is Big, Risk to Reward Ratio/ Target Ratio 1:1.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
HCG1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
HCG Breakout upside levels.NSE:HCG has been given a long time breakout. As per my analysis, best level to take buy entry is 480 with stop loss of 340 (-40 Points Risk). Expected upside levels would be 397, 413, 429, 452 & 481. This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn Stock market behavior. Kindly do your analysis / research to take any trade. Thanks.
Healthcare Global Enterprise - Good BSHealthcare Global Enterprises Ltd is engaged in setting up and managing hospitals and medical diagnostic services including scientific testing and consultancy services in the pharmaceutical and medical sector.
Business Area
1. Presence in Oncology value chain
2. Cancer Hospital/Networks
3. Fertility Business
4. Multispeciality hospital in 4 small towns
Revenue Break
95% from Oncology and Cancer Network
5% from Fertility and Multispeciality hospital
General Notes
1. Slowly expanding its business in smaller towns by providing quality facilities
2. Sales have been growing steadfast on QOQ basis with co turning profits in last 2 quarters
3. EPS turned positive in last 2 QOQ
4. Borrowings getting reduced from last 3 YOY but still looking significant. 1.25% of reserves are borrowings
5. Cash on balancesheet is big since they has sold their entire stake in Sept 2021, the company sold its entire 38% stake in its JV, Strand Life Sciences Pvt Ltd to Reliance Industries for ~157 crores. It acquired the oncology hospital labs and clinical trials business from the JV for ~81 crores consequent to the stake sale. It booked a profit of ~142 crores on the sale.
6. Debtor days and Payables are slowly seeing improvements which is just a begining. Lot of efforts is required to look clean
7. ROCE is meager since its EPS turned around in last 2 quarters so it might take another 6 months to have good ROCE. Presently it stands at 5%
8. IFC is investor but slowly reducing its stake.
9. Overall balancesheet looks good and worth for investment