Analysis Date: June 24, 2024
Marksans Pharma Stock Analysis:
General Trend:
The stock was in range for years, the previous monthly high for Marksans Pharma was Rs. 115 in August 2015. According to Elliott Wave theory, this marked the completion of Wave 1, followed by a correction and completion of Wave 2 on March 2020 and entered Wave 3.
A breakout above...
Cipla is ready to breakout of a cup and handle pattern. With most pharma being in a rally there is a good chance to ride this. look for a target to the 925 area
