Vijaya Diagnostic Centre Limited
  • 20 August, 2024 Ruchit Thakur

Vijaya Diagnostic Centre Limited

Vijaya Diagnostic Centre Limited growing and hitting a record high, it seems like a great long-term investment.

Please take a moment to go over and comprehend Vijaya Diagnostic Centre Limited's daily chart. According to the chart, Vijaya Diagnostic Centre Limited is a wise investment in the 860–880 zone, has performed well thus far, and has lots of room to grow in the future.

Please refer to Vijaya Diagnostic Centre Limited's daily chart. The stock is currently trading above horizontal resistance and rising sharply after breaking out of the 860–880 zone. According to the statistics, Vijaya Diagnostic Centre Limited is in high demand right now (895). The figure below displays the range of the estimated growth period, which is 1180 to 1200. 

  • Following a major breakthrough in the years 860 and 880, Vijaya Diagnostic Centre Limited has expanded and is currently a fantastic long-term investment opportunity.
  • With room to grow, Vijaya Diagnostic Centre Limited might rise to positions 1180 and 1200 on the chart. It is positioned beautifully.
  • Right now, between 860 and 880 is the optimal price range to purchase this stock since the risk-reward ratio is suitable for cash transactions.
  • The chart shows that the stock has broken out of an ascending triangle pattern, with a target price range of 1180 to 1200.

 

For your reference, kindly refer to the Vijaya Diagnostic Centre Limited daily chart. On the daily chart, demand is observed in the 860–880 price range, accompanied with a breakout and horizontal resistance. The stock rises as a result of this strong demand.

Today's new high for the stock indicates that this is a great time to buy at the current price. As a result, watch for the horizontal resistance's break. As of right now, the stock has continued to rise, hitting its targets at 1180 and 1200 on the chart.  

The rising triangle gave rise to Vijaya Diagnostic Centre Limited; the pattern's most recent aims are in the 1180–1200 range. One chart pattern utilized in technical analysis is the rising triangle. At the swing high and low, price variances produce a horizontal line and a rising trend line, respectively. Triangle is formed by these two lines.

Given the tremendous demand for the stock, investors might be looking for long-term buying opportunities in the 860–880 range. They have a good risk-reward profile and should benefit from any stock market corrections that drive prices back up into the 1180–1200 zone. This company has a lot of space to grow, so take advantage of any slump to invest in it.

With cash, investors may purchase the stock piecemeal, aiming for levels between 1180 and 1200 and placing a stop loss at 780.

A rapid rise and target hit could propel the stock or instrument to high volume and upside if price volatility is low prior to a large increase. A pattern known as a Volatility Contraction Pattern (VCP) is frequently sought after by traders and investors. Please visit our website and download the app from the Google Play Store for more details on VCP patterns. Additionally, we demonstrate how accurate the pattern identification is.

Vijaya Diagnostic Centre Limited's daily chart shows both support and resistance. Every level is displayed on the spot chart. 

Vijaya Diagnostic Limited

Support

Resistance

Level 1

860

1180

Level 2 

780

1200

Company Profile: Twenty Indian cities are home to 125 of Vijaya Diagnostic's cutting-edge diagnostic centers, which prioritize health above everything else. NABL-certified diagnostic labs are present in every diagnostic center waving a banner. The most qualified, experienced, and trained individuals in India oversee each diagnostic center. More than 2200 individuals make up the company's internal team. 

India's best pathologists, radiologists, and microbiologists make up the internal team. To teach and retrain the specialists at each diagnostic center spread throughout India, Vijaya Diagnostic Centre Limited sends a small team of its own healthcare professionals on a regular basis. This group of medical experts is also periodically dispatched without warning to make sure that our diagnostic facilities are maintaining the high standards we've established to guarantee the delivery of internationally-grade.

 

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