NH trade ideas
#NH , 1D and 1W Bullish Pattern
Looks Very Good in Weekly And Daily Time Frame , It is Ready for Breakout from Pattern .
It has Repeated the same pattern in Past so High chances to go up .
if u find this Chart Helpful pls like and Follow for More like this charts .
I am A Swing Trader , Trade only Price Action Patterns .
Stock Analysis โ Narayana Hrudayalaya Ltd. (NH)๐
Date: January 30, 2025
๐ Timeframe: Daily Chart
๐ Market Snapshot
Change: +82.95 points (+6.36%)
Volume: 422.71K vs 295.96K (Above average volume, indicating strong interest)
Momentum Indicators: RSI breakout
Candle Pattern: Strong Bullish Candle
โก Levels to Watch
๐ด Key Resistance Zones (Above Current Price)
๐ 1,425.98 โ Immediate hurdle
๐ 1,464.82 โ Next breakout zone
๐ 1,527.78 โ Major supply area
๐ข Key Support Zones (Below Current Price)
๐ป 1,324.18 โ Short-term support
๐ป 1,261.22 โ Key demand zone
๐ป 1,222.38 โ Strong base
๐ Conclusion
Narayana Hrudayalaya Ltd. is showing strong bullish momentum with an RSI breakout and a powerful bullish candle. The stock is in an uptrend, and the volume above the average suggests robust buying interest. A key focus will be on whether the price can sustain above the support zones to confirm further upward momentum.
Could the price hold above the support levels and continue the bullish trend towards the resistance zones?
NARAYANA HRUDAYALAYA LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.n
Narayana Hrudayalaya - Strong Fundamental & TechnicalFundamental plus Technical Analysis on a Financially Strong Company:
Narayana Hrudalaya Ltd is engaged in providing economical healthcare services. It has a network of multispecialty and super specialty hospitals spread across multiple locations.
Focus
Company plans to add 700 plus beds for the next 3-4 years at Bangalore Health City. It intends to invest upto Rs. 1,000 Cr in the West Bengal for setting up a superspecialty hospital.
Capex Plan
Company has planned a total capex of 1136 Cr for FY24 and till Q3 FY24 it has spent 477 Cr.
Stock P/E - 31.7
Industry PE - 56.3
EPS growth 5Years - 67.8 %
Buy Score - 4.56 (Buy Score above 0 for me, is considered very good and above 1, excellent.)
ROCE 5Yr - 19.6 %
Please note that this idea is meant to spread awareness and should NOT be considered a buy recommendation. Do your own research before making any financial commitments.
NH : ๐ฏMust in the Watchlist๐ฏ The best-ever quarter results - Q2FY24
๐ฏ The Price Action is favorable
The chart is pretty self-explanatory as always :)
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โ ๏ธDisclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times โ๐ป
BEHATREEN STOCK FOR LONG TERM iNVESTMENT K LIENarayana Hrudalaya Ltd is engaged in providing economical healthcare services. It has a network of multispecialty and super specialty hospitals spread across multiple locations.
Market Cap
โน 14,884 Cr.
Current Price
โน 728
High / Low
โน 820 / 588
Stock P/E
33.4
Book Value
โน 88.1
Dividend Yield
0.14 %
ROCE
24.7 %
ROE
26.7 %
Face Value
โน 10.0
Debt
โน 858 Cr.
EPS
โน 21.8
PEG Ratio
1.02
Promoter holding
63.8 %
Intrinsic Value
โน 303
Pledged percentage
0.00 %
EVEBITDA
18.5
PROS:-
Company has delivered good profit growth of 32.8% CAGR over last 5 years
Company's median sales growth is 21.4% of last 10 years
CONS:-
Stock is trading at 8.27 times its book value
Company has a low return on equity of 13.3% over last 3 years
Overall behatreen company hai investment k lie isme kai mutual funds ne bhi stake le rkha h and stock looking good on chart also. Target ki bat kru to 1000+ target hum ane wale 1 sal tak dekh skte hain,,,stock loss lagane jaisa kuch h n isme jitna niche aye kharidne me he faeda hoga long term me. fir stop loss 650 ka laga lo agar lena h to.
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Narayana Hrudayalaya Ltd Bullish View๐๐ Exciting News for Narayana Hrudayalaya Ltd.! ๐๐
Narayana Hrudayalaya Ltd. is showing strong bullish signs with the potential to reach Rs. 1200 or even higher! ๐๐ค
๐ฉ Flag & Horizontal Breakout: The stock has witnessed a significant flag and horizontal breakout pattern, accompanied by robust trading volume, signaling a potential upward trend. ๐๐
๐ RSI Cross 60: The Relative Strength Index (RSI) has crossed the crucial 60-level mark, indicating increased buying momentum and investor confidence. ๐๐
๐น MACD Crossover: The Moving Average Convergence Divergence (MACD) has displayed a bullish crossover, which is a strong buy signal for traders and investors alike. ๐๐
Investors, keep a close eye on Narayana Hrudayalaya Ltd. as it seems poised for an exciting journey ahead! ๐๐ฐ #NarayanaHrudayalaya #BullishTrend #StockMarket ๐๐ค๐
Disclaimer: Remember to conduct thorough research and consult with a financial advisor before making any investment decisions. ๐ง๐ผ๐ฐ #StockAnalysis #CampusFootwear #InvestingOpportunity
NH CMP 739... trending stock on long term timeframeNH CMP 739...trending stock on long term timeframe irrespective of market conditions...looks like heading towards 870+...purely positional once breakout 770 with SL of 730 on closing basis....presently conversing triangle...higher probablity of breakout on upside.. Fundamentally also looking good..
NH stock is about to break the trend line.NSE:NH
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.