The short -term perspective is optimistic for the Krishna Institute of Medical Sciences (KIMS). The action made a bullish rupture on Tuesday by increasing above the key level of ₹ 660. This also confirms an inverted head and shoulder pattern in the table.
The support of the neckline of this pattern is prepared around ₹ 660. It is likely that intermediate immersions are limited to ₹ 660 since new buyers can enter the market. The price of KIMS shares can increase to ₹ 750 in next week.
Merchants can buy kims now at ₹ 683. Accumulate in Dips to ₹ 670. Keep the stop -los in ₹ 640 initially. Sine the stop-loss to ₹ 695 as soon as the action rises to ₹ 710. Move the fougen stop-loss to ₹ 715 and ₹ 725 when the price touches ₹ 725 and ₹ 740. It comes out of long positions to ₹ 750.
Video Credit: Businessline
(Note: Recommendations are based on technical analysis. There is a risk of loss in trade).
Posted on April 23, 2025