Stock name = Indraprastha Medical Corprration Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and...
The stock has given a fantastic rally , yearly breakout of 22 years in 2023.
The stock has been taking strong support at 165 levels since 4 months.
Now it shows reversal from 165 levels. Confirmed by price action - RSI.
Entry - 194.
Targets - 204, 208, 216,225.
It would be great to trail the profits once 225 is taken off.
To note : Quarterly results are...
Regular Flat : Elliott Wave Correction
Identified By student which shows the complete formation of Elliott wave flat correction
which is following basic the rule of subdivision of wave as 335 .
Although Find the basic rule for flat correction for your prectice :
REGULAR FLAT :
1- A Corrective 3 waves move labelled as ABC
2- Subdivision of wave A and...
Indraprastha medical
1)considering weakly chart.
2) runaway gap at two area one at 73 level and another one at 100
3) Cup with handle pattern also breakout at level of 100
4) huge potential to give great return
5) take Stop loss of 99 and move ahead of 60+ upside
*No recommendation for buy or sell*
Multi year BO of a microcap stock that is related to medical industry where pharma sector also started showing the reversal signs.
Positives:
Long term trendline breakout
Gann box level breakout
RSI above 65
MACD showing strength
NSE:INDRAMEDCO
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All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and...
Formed Bull Flag Pattern in last 2 years. Right now in Descending Traingle pattern, which is bearish. If it breaks bottom trend line, it will be major downside. For trend reversal, need to breakout upper trendline with 3-4 above the line.
NSE:INDRAMEDCO
There is a asceding triangle and the trend is trending higher and the mometum is also trending higher u can either buy at a retracement to the trend line or breakout above the resistance scale out at 1:2 risk reward or just hang on till the trade loses mometum use the 12 period mometum indicator as a histogram and sell it as 3 successive lows of...
