Narayana Hrudayalaya can turnaround from trendline.

109
Narayana Hrudayalaya Ltd. engages in the provision of medical and health care services. It also provides services in the areas of cardiac surgery, cardiology, diabetes and endocrinology, gastroenterology, general surgery, neurosciences, facial surgery, nephrology, obstetrics and gynecology, orthopedics, oncology, pediatrics, transplant, urology, and vascular surgery; and other specialty services, such as dental, dermatology, emergency medicine, ears, nose, and throat, family medicine, general medicine, and genetic.

NH Closing price is 1945.50. The positive aspects of the company are Companies with Zero Promoter Pledge, Company able to generate Net Cash - Improving Net Cash Flow for last 2 years and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are high Valuation (P.E. = 50.6), Stocks Underperforming their Industry Price Change in the Quarter, Increasing Trend in Non-Core Income, PEG greater than Industry PEG and MFs decreased their shareholding last quarter

Entry can be taken after closing above 1950 Historical Resistance in the stock will be 2015, 2063 and 2098. PEAK Historic Resistance in the stock will be 2148, 2195 and 2269. Stop loss in the stock should be maintained at Closing below 1863 or 1648 depending upon your risk taking ability.

Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.