Artemis Medicare Services Ltd. has formed a highly bullish technical setup on the weekly timeframe.
The stock recently broke out above a critical horizontal resistance line at the 343.50 level.
This breakout is validated by a massive, anomalous spike in trading volume, indicating strong institutional accumulation and high conviction behind the move.
Following a prolonged period of volatility and basing, this price action suggests a structural shift in momentum.
The previous heavy resistance at 343.50 should now serve as a strong support floor for future price action.
Entry Point: Consider entering near the current market price of 357.70, or scale in on a potential retest of the 343.50 breakout level.
Target: Based on a measured move of the prior consolidation depth (approximately 200.00 to 343.00), a realistic medium-term target sits in the 450.00 - 480.00 zone.
Stop Loss: A strict stop loss should be placed at a weekly close below 315.00.
Falling below this level would mean breaking back below the breakout candle's momentum base, invalidating the current bullish thesis.
The stock recently broke out above a critical horizontal resistance line at the 343.50 level.
This breakout is validated by a massive, anomalous spike in trading volume, indicating strong institutional accumulation and high conviction behind the move.
Following a prolonged period of volatility and basing, this price action suggests a structural shift in momentum.
The previous heavy resistance at 343.50 should now serve as a strong support floor for future price action.
Entry Point: Consider entering near the current market price of 357.70, or scale in on a potential retest of the 343.50 breakout level.
Target: Based on a measured move of the prior consolidation depth (approximately 200.00 to 343.00), a realistic medium-term target sits in the 450.00 - 480.00 zone.
Stop Loss: A strict stop loss should be placed at a weekly close below 315.00.
Falling below this level would mean breaking back below the breakout candle's momentum base, invalidating the current bullish thesis.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.