Technical Analysis Narayana Hrudayalaya Ltd.

The stock $NH went through a noticeable correction after peaking near the 2300 zone last year. It was in a steady downtrend for months but recently found a very strong floor. It formed a solid base in the 1600 - 1650 zone between March and April. From there it has staged a sharp and decisive recovery. The stock shows a clear trend reversal. It is now making higher highs and higher lows on the daily timeframe breaking out of its previous downward channel. This is a classic bullish signal. Immediate Support 1800. If the stock experiences a minor pullback this is the first level where buyers are likely to step back in. Strong Support Base 1650. This is the rock-solid foundation it built before the current rally. Immediate Resistance 2000. This is the next major psychological hurdle and aligns with previous supply zones on the chart. Major Target 2150 - 2200. If it comfortably crosses and sustains above 2000 with good volume it has the open space to test its previous all-time highs. For short-term buyers it is best to wait for a minor dip towards the 1820 to 1850 zone to enter safely keeping a strict stop-loss near 1750. Existing holders should confidently hold their shares trailing the stop-loss up to the 1800 level to protect profits while riding the current rally. The immediate target to watch is 2000. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.