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nikhilgodhani
22 maj 2021 06:47

[SWING/POSITIONAL] INDRAMEDCO Long.... Lång

INDRAPRASTHS MEDICNSE

Beskrivning

Good Structure observed in Indramedco
For movement play buy above 96
SL below 65
Target 112-121
good support near 75-72
volumes picking up in uptrend and dry up in consolidation

Fundamentals:--
Market Cap-- ₹ 809 Cr.
ROCE-- 20.5 %
ROE-- 17.4 %
Company is almost debt free
Mcap FF (Cr.)--- 395.97


Please maintain SL closing basis as this is small cap stock
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy around 73%(Please maintain your SL)



Handel aktiv

Closing not given above 96 (my position at 96.9)
Need to close above 96
Kommentarer
RoopaNaveen
by when it may reach 112...
nikhilgodhani
@RoopaNaveen, that i don't know but still no weakness seen in this stock
put your sl near 80(closing basis, SL is only thing we can control in market also posted strong result so we may see good rise in short term )
mvrs9987
Hi Sir, could you please check the current situation, still hold.

Thanks
nikhilgodhani
@mvrs9987, hii

This stock is hovering around 21 sma ,also negative candle volume is also very less so no sign of weakness

Once it cross 96 (as suggested in idea, still not triggered)then it may move well
mvrs9987
@nikhilgodhani, thanks a lot for your nice explanation.
nikhilgodhani
Mer