The short-term outlook is bully for Rainbow Children’s Medicare. The stock has risen and closed well Above the key resistance level of ₹ 1,460 last week. The Region Between ₹ 1,470 and ₹ 1,450 will act as a strong support. Any intermediate dips are likely to attract fresh boyers near this support zone. Moving Average crossovers on the daily chart also strengthen the bullish case. Rainbow Children’s Medicare Share Price Can Rise to ₹ 1,680-1,700 in the coming weeks.
Traders can go long now ₹ 1,534. Accumulate on Dips at ₹ 1,480. Keep the stop-level ₹ 1,410. Trail the Stop-Loss Up to ₹ 1,560 Once the Stock Moves to ₹ 1,590. Further, Move the stop-Loss to ₹ 1,610 and ₹ 1,645 When the share price touches ₹ 1,640 and ₹ 1,660, Respectively. Exit long positions at ₹ 1,690.
Video Credit: Businessline
(Note: the recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on April 15, 2025