Rising Wage Pattern Breakout - Retesting on Process
Gland Pharma is involved in the business activities of Manufacture of medicinal substances used in the manufacture of pharmaceuticals: antibiotics, endocrine products, basic vitamins; opium derivatives; sulpha drugs; serums and plasmas; salicylic acid, its salts and esters; glycosides and vegetable alkaloids; chemically pure sugar etc..
The Stock broke out a rising wage pattern with good volume. The Stock has corrected from 3500 levels to retest its breakout levels. RSI has also settled and hovering around 60 levels.
The Company is one the best among pharma sector with no real peers in the Indian Market. The Company is debt free with string Balance Sheet. The Company posted excellent results for last quarter of FY 21 with an increase in EPS and Sales of 27% and 40% YoY respectively. Mutual Funds and FPI are holding around 22% stake in the Company.
Accumulate around 3100 levels after bounce. For Targets and SL refer chart.
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The Stock broke out a rising wage pattern with good volume. The Stock has corrected from 3500 levels to retest its breakout levels. RSI has also settled and hovering around 60 levels.
The Company is one the best among pharma sector with no real peers in the Indian Market. The Company is debt free with string Balance Sheet. The Company posted excellent results for last quarter of FY 21 with an increase in EPS and Sales of 27% and 40% YoY respectively. Mutual Funds and FPI are holding around 22% stake in the Company.
Accumulate around 3100 levels after bounce. For Targets and SL refer chart.
Feel Free to share your feedback and queries. Do visit my profile for earlier posts and follow me so that u don't miss any other upcoming posts.
Trade active:
First Target of 3500 was done.