KIMS - Chart of the Week, Forming XABCD Pattern Near Base.

508
KIMS made a beautiful Structure on the Daily timeframe to Qualify for my Chart of the Week idea, it saw Decent Volumes around the marked Key Levels from where it regained its 50 DEMA-making MACD Trending up.

It is Forming an XABCD Harmonic Pattern near its Base and the D point is the likely target crossing Previous Highs.

About:
KIMS was Incorporated in the year 1973 and is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of patients treated and treatments offered. The company offers multidisciplinary healthcare services with primary, secondary, and tertiary care across 2-3 tier cities and an additional quaternary healthcare facility in tier-1 cities.

Trade Setup:
This could be a good Positional Trade with Point C (474-508) Being a Major Support Zone and Point D (730) as a Likely Target as Per XABCD Harmonic Pattern Theory.

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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Transaction en cours
Up 4% Today Swing Traders Can Book Profit
Note
Up 4.2% Today making a swing high of 618
Trade fermée: cible de profit atteinte
Made New ATH

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