Wednesday, January 28, 2015

Indraprastha Medical- Rs.71/- the stock has made an all time high on close above 60 which is a  bullish sign. it has failed to pass above this level for last four attempts in nearly 14 years and this time it has gone past it on heavy volumes which is a sign of bullishness in the stock. The financials are not so encouraging but its consistently giving profitability and also average dividend paying is around 40%. It is paying dividend consistently for last 10 years is a sign of financial strength of the company so it appears to be in a bullish territory and further upsides are not ruled out. Stop Loss:Rs.55

May All be Peaceful and Happy
Mahiidar M
Enjoying Life
Trend is friend.

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