Stock Near Breakout Level !! added in your watchlist !! After breakout i will update .
* Made a inverted H & S pattern and this stock trading near 0.618 fibonacci level after breakout neckline of HS pattern price up towards 900.00
All observations noted on chart.
This stock is moving from consolidation to consolidation
There is wedge pattern also visible, please check the attached link
View neagtes below 450 to 480 on monthly close basis
Please note view is for long term. Always try to buy near the lower trend line.
*Stock has given a bullish Inverted H & S Pattern breakout on weekly chart & closing above neckline .
*02 years long term trend line breakout already happened.
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see...
* Consolidate near 0.5 Fibonacci ratio and Rounding Base Formation in bottom.
* Buy above 64.00 with the SL of 48.00 Closing basis and the target is 73.00 and 110.00 .
* Marksans Pharma is engaged in Business of Formulation of pharmaceutical products.
*Company is almost debt free.
* Debt/Equity - 0.03
* Market Cap - ₹ 2,376 Cr.
* Pullback completed in Nifty Energy Index.
*Inverted H & S pattern Breakout.
*Track this stocks from CNX ENERGY INDEX
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The CPSE ETF is made up of equity investments in 12 of India’s largest public sector companies. Owned 55% or more by the Government of India and listed on the NSE.
It is an Index fund. CPSE ETF Full form is Central Public Sector Enterprises. It's an Exchange, Traded Fund.
The government of India wanted to divest some of its holdings in CPSE and decided to divest...