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 ...
reviewing 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...
Traingle breakout after a consolidation period. Targets upto 30% and Risk Reward 1:5
NSE:INDOCO is forming a triangle and current levels are good for bottom fishing. Keep a stop loss at 310 and one can go long here, alternatively one can wait for a confirmation of breakout of the triangle.
Reason 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...
Buy indoco remedies( nse code: INDOCO) cmp 415 sl 360 add on dips Long term possible leader in Pharma space *Disclaimer : not a sebi registered
Stock : indoco remedies Pattern : Head and Shoulder Postion : Swing Trade Indoco remedies forming a head and shoulder pattern and breaks a good volume and good for swing position
Indoco 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.