LincolnPharma, H&S Failed Now Cup and Handle Formation BreakOut?

Apr 22, 2021

Lincoln Pharmaceuticals looks like Hidden Gem in Pharma Sector. Its available at much Cheaper Valuation and Management has good Expansion Plan in European Market.
Technically Stock is ready to breakout its monthly Resistance of 265. After which Technical Target can be around 320. Later this Target can be trailed.

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.

May 15, 2021

Trade active

Target for Cup and Handle Breakout achieved.

Co has good potential from Long term point of view, since they are expanding in European Markets.

NEW Stop Loss : 288.5 (Weekly Close)
Long Term Trgt1 - 436 (Fibo 1.618)
Long Term Trgt2 - 873.1 (EPS*Industry PE) (29.3*29.8)
Duration - 3to4 years
All numbers are weekly based

Business model : Company produces Anti-biotic called cephalosporins. Which will fetch higher margin from regulated countries like Europe and US.

Promoter holds around 37% of Co however they have added 5% stake in last few months and continue to add more.

FIIs Diis stake is 0. Whenever this company comes on there radar then prices will rocket.

Debt just 18crs which can be cleared with there current quarterly profits.

Cos Profit and Cash flow continues to improve over the years.

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.