Indoco Remedies Ltd |A Sector Rotation (Pharmaceutical)Indoco Remedies Ltd |A Sector Rotation (Pharmaceutical)
Indoco Remedies (Indoco) is a Mumbai-based pharmaceutical company that focuses on formulations with a presence in contract manufacturing and research.
Market Cap = ₹ 3,758 Cr. Dividend Yield=0.55 % ROCE=17.4 %
ROE =14.8 % Debt to equity = 0.46 Promoter holding = 58.7 %
Quick ratio = 1.13 Current ratio = 1.76 Piotroski score = 5.00
Profit Var 3Yrs = 80.6 % Sales growth 3Years = 14.7 %
Pledged percentage = 0.00 % Return on assets = 9.11 %
Indoco Remedies Limited
is now in momentum zone
I just analyses chart and as per my view I shared my entry exit and tgt
please do your research before investing.
if you like my idea than like and boost and follow me for more ideas.
thanks.
Indocoremedies
INDOCO review: up till now, from 345 to 394, & yet more to comereviewing NSE:INDOCO chart posted on 11th Aug 2023 when the price was 345
thereafter it made high of 404.70 and now trading at 394 giving excellent 14% gains till now
more gains to come in coming months
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view align with your study.
link of 11th Aug 2023 post given below
30# Indoco RemediesReason Being:
1. Formation of Higher High in Daily Time Frame
2. One year downward trendline breakout
3. Stock took support at 50% Fibonacci retracement
View Negated Below: 350 in Daily closing Basis
Target: 409/449/489
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education purposes.
if you liked it please don't forget to follow me
INDOCO REMEDIES LTD _ ADD TO WATCHLISTIndoco Remedies Ltd falling rally may come to end in upcoming weeks. keep concentrate for breakout where upward or downward. Both targets are mentioned in above chart. Confirm breakout in day open closing above or below the trend line. Its good for swing traders.