Marksans pharma is ready to complete it"s rounding bottom patttern very soon with sl of 43 and targets of 90
nine eight two six three one eight nine five three for more.
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...
F U SEE THE DAILY CHART ITS A LONG ACCUMULATION BY BIG PLAYERS FROM AUGUST TO ALMOST DECEMBER START
THIS STOCK IS TRADING AROUND 60 LEVELS, ACCORING TO WHAT CHART SAYS IF IT BREAKS 70 WE CAN SEE A BLASST TILL 100 LEVELS
SL CAN BE 55rs ON WEEKLY CLOSING BASIS
