INDRAPRASTHA MEDICAL CORP - A good reversal bet for 15% ROI.
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 good. Also DIIs have started purchasing the stock since last 2 quarters, new addition. FIIs have marginally increased stake.
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 good. Also DIIs have started purchasing the stock since last 2 quarters, new addition. FIIs have marginally increased stake.