Potential Opportunity as Swing Trade in NSE:MARKSANS
Risk : Reward - 1:2
ENTRY - 57.50
TARGET - 64.70
STOP LOSS - 53.80
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING.....
#nse #swingtrade #nifty #marksans #marksanspharma #nifty50 #priceaction #supportzone #trendline #retest...
This is my view on MARKSANS;
CMP 69.85 | T1: 98 (~40%) | T2: 108 (~55%)
The rationale for the going long:
- Stock moves up with high volumes and pullback occur with lower volumes.
- Base formation (consolidation) at 66-69 Levels
- RSI Bullish Divergence.
- Highest revenue and net profits in FY 2021 & TTM QE June 2021 (in past 10years).
- Low PE of ~11 compared to...
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
MARKSANS PHARMA LTD.
Fundamentally it's a hidden gem!.
Growth in profit margin,
Debt is asset ratio decreasing it's good to sign for company growth.
12.10 P/E so it's the best and cheap price to BUY hold this for a longterm investment.
83.70 CMP.
Marksans pharma has been showing good volumes spikes after 3 years.
Fundamentally nothing extraordinary about it. But technical structure is bullish, very bullish.
Trading above all Key EMA's.
RSI Has shown negative divergence, so expecting a pullback to 76.5-77.5 levels to take long position.
If somehow it comes to test its strong breakout levels of around...
* I like those chart pattern when price hug many times its upper boundary before breakout with high volume . Accumulate slowly this stock .
Kindly Let us know if you have any questions .
Breakout is confirmed and retesting which acts as support. Waiting for MACD confirmation to enter.
Disclaimer: For educational purpose only but not a recommendation.
