Hospitals and Healthcare stocks are doing very well as they continue to break out from a well-defined resistance. The sector seems well set for Wealth creation over the next few years. I covered them last on Oct 24:
https://www.smarketpremium.com/2019/10/24/breakout-theme-hospital-and-healthcare-services-sector/
Apollo Hospitals
Source: Chartalert.com
Apollo Hospitals stock might see some near term pressure as the management works on market concerns about pledged shares and huge Corporate debt. The sectoral tailwind might support the stock for now.
Fortis Breakout from a well-defined resistance
Source: Chartalert.com
Fortis pullback looks like a perfect opportunity to Go long in the stock.
Narayana Hrudalya stock Breakout has been quite swift
Source: Chartalert.com
One should wait for little pullback before jumping in.
It all started with Lalpath Labs breakout
Lalpath Labs is a no brainer buy…hopefully it will pullback little more to near 1300 for more attractive opportunity.
The breakout in the sector is pulling up names like Thyrocare
Metropolis stock has made a momentum move
One should wait for some pullback before buying.
There are other smaller names also rallying like Shalby, Max India. This is a space to watch out for.
Breakout themes work out over a period of time and they offer opportunities to people who exercise patience and pick their buy spot quite well.
The article has been written purely for educational purposes
Anil Jain says
amazing studies … good reason to follow u is just we dont fall in news trap…clear signals … clear targets … wow …. one thing i need to undert=stand is if i enter a stock on the out .. if it falls below then stop loss trigers .. but should i buy again if breakout agains…?
want an update on silver …thank u