From a technical point of view we have found support, as well as, dynamic support on the 100EMA. We also have a channel that has been respected to the upside. Fundamentally hospitals are catching up on selective surgeries post pandemic.
Break of pre-pandemic stock value could see a sustained rally to the upside. This all depends on sentiment, as well as, how well Mediclinic manages its profits.
This is a trade opportunity that should see yourself moving SL to entry as quickly as possible. Inflation woes, as well as, possible global recession, could see this trade fall flat on its face.