The short -term perspective is optimistic for Rainbow Children’s Medicare. The action has increased and closed well above the key resistance level ₹ 1,460 last week. The region between ₹ 1,470 and ₹ 1,450 will now act as strong support. Any intermediate immersion is likely to attract new buyers near this support zone. Mobile average crossovers in the daily table also strengthen the upward case. The price of Medicare shares for Rainbow children can increase to ₹ 1,680-1,700 in next week.
Merchants can spend a lot of time to ₹ 1,534. Accumulate the immersions to ₹ 1,480. Keep the stop-loss in ₹ 1,410. Sire the stop-loss to ₹ 1,560 once the action moves to ₹ 1,590. In addition, move the stop-to ₹ 1,610 and ₹ 1,645 when the price of the action touches ₹ 1,640 and ₹ 1,660, respectively. Leave long positions to ₹ 1,690.
Video Credit: Businessline
(Note: Recommendations are based on technical analysis. There is a risk of loss in trade).
Posted on April 15, 2025