SHILPA MEDICARE LTD ANALYSIS

1 Eyl

FOR LEARNING PURPOSE

SHILPA MEDICARE LTD - The current price of SHILPA MEDICARE LTD is 767.40 rupees

I am going to buy this stock because of the reasons as follows-

1. Its coming out from a good consolidation base

2. Its making a new ATH high. Its breaking resistance of last 8 long years

3. It is showing better relative strength as it stood strong in volatile times

4. The risk and reward is favourable

5. The recent results has been great and it will act as some catalyst. The results have been good in past few months.

6. The stock belongs to Pharma Sector which is doing great recently but its a Mid cap so we can expect volatility.

I will buy it with minimum target of 35-40% and then will trail after that.

My SL is at 674 rupees

I will be managing my risk.