**under 200 ema ( a little bearish zone)But if it take support from demand zone(5700-6000) then there is a higher probability that it will be above 200 EMA in upcoming weeks.
**2nd time near demand zone( perfect time for add more quantity)That is how you play ur investment.
Hi , thanks for the analysis. here on Sanofi If it closes below 5800 on weekly basis So One should consider it as a SL hit?
mahhisingh
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@Perfectnrw, ya, but what was your stop loss before taking entry ? and reason for entry
Perfectnrw
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@mahhisingh, As I said It was an Investment related decision where fundamentals were given priority over technicals . Honestly I had not kept any Stop loss. Taking entry in Sanofi has not been a profitable trade for me yet. ( In loss) My mind was that its been a safer stock among peers with less risk-return kind of an MNC stock (Branded pharma business, low float, neat & clean accounting & governance. Risk was that the management is not over any expansions as its a pretty settled business now (Aaj-kl vo chalta h jahan capex ho - expansion ho)
Perfectnrw
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Recently 2 times they have done some divestment , Which is not a +ve point somehow. Reason for HOLDING is that there is Good amount of Cash in there books So waiting for some +ve & Good announcement If Management made about the best utilization out of that. (bit similar to ITC- story ).
mahhisingh
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@Perfectnrw, stop loss must be because some times one can fall upto like 90% eg. future group. If you exit at your stop loss then rest capital will not trap and you can use for further. btw, you are good at fundamental analysis
Perfectnrw
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@mahhisingh, Hi I would like to know your technical thoughts on LTI When to enter ! Are current levels a good investment entry (~4545)?
mahhisingh
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@Perfectnrw, demand zone was 3850-4250, now it is 4570 (almost 8-10% far away), one should enter if 10% is not a concern :)