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Rugminik

INDRAPRASTHA MEDICAL CORP - A good reversal bet for 15% ROI.

Long
INDRAPRASTHS MEDIC (NSE:INDRAMEDCO)  
Rugminik  
NSE:INDRAMEDCO   INDRAPRASTHS MEDIC
Supply and Demand Support and Resistance Trend Lines swingtrading priceaction stockstobuy investing equitytrading trendanalyisis
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supplyanddemand supportandresistance trendline swingtrading priceaction stockstobuy investing equitytrading trendanalyisis
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.
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