Bullish Trend in NH: Analysis and Buy Trade Opportunity

٩ أبريل ٢٠٢٣

Narayana Hrudayalaya Limited (NH) is a company that is currently experiencing a bullish trend in higher time frames such as the monthly and weekly. On the daily time frame, it is observed that the downtrend channel has been broken and a retest of the downtrend channel and support zone has occurred, forming a Drop Base Rally pattern. Additionally, there is a demand zone at the 125-minute time frame which also presents a potential opportunity for a buy trade.

Based on this analysis, traders may plan their buy trade at the 125-minute demand zone, with a risk to reward ratio of 1:1.5. It is important to note that this analysis is based on my analysis and should be combined with your analysis and risk management strategies to make informed trading decisions.

Overall, Narayana Hrudayalaya appears to be in a bullish trend and presents a potential opportunity for traders to enter a buy trade at the identified demand zone with an appropriate risk to reward ratio.

I am not a SEBI registered individual; my analysis is only for educational purposes.
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