A pharma company near its ATH looks interesting as fundamentals seem good. WIth a market cap of less than 5000 crores, and sales to market cap of 3x... the runway is long.
It has broken out of a 6 week consolidation zone and demand seems good though RSI is not yet supporting. There is overhead supply as it approaches all time high. So keep this in the watchlist.
It has broken out of a 6 week consolidation zone and demand seems good though RSI is not yet supporting. There is overhead supply as it approaches all time high. So keep this in the watchlist.
Trade closed: target reached:
Great momentum post breakout