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Pharmaindex

MARKSANS PHARMACMP 115 A thread on price pattern , expected movement In year 2006 it marked highs of 30.2 and after 8 yrs gave breakout in 2014 post which it gave nearly 4X move in 1 odd year to 115 in 2015. This time again it has Brokeout after 8 yrs in Jun 2023 If the price pattern repeats then a move towards 400 could be seen on the same line and pattern. Said that, the first targets from here are 220-225 which are in like 90-110% from CMP of 115. Furthermore, the highest ever monthly volumes were noted in June 2021 when price peaked to 97.6 and now after 2 yrs in June 2023, that price mark has been taken off comfortably with more than avg monthly volumes to take it to 122; quite a positive mark and suggests strength The company has very very low debt, cash rich & commands good OPM of 17%+ and super positive cashflows SHAREHOLDING: While the promoter holding has reduced but the FII stake has been increased. The reason is conversion of warrants which marks the entry of "ORBIMED" The entry of orbimed-asia-iv-mauritius-fvci, a foreign co. in similar field was with some dilusion of promoter Mark Saldanha There has been addition by DII (Quant Mutual Fund) in recent quarter as well which brings down the public float under 38% SO- shareholding pattern is +ve The stock is strong, sector is strong and amongst the favourites of many fintwits. Hiccups may be to shakeout, but stay strong in the crowded bus while many may be forced to get down. #happyinvesting #STEPUP #TEEKHATRADER
NSE:MARKSANSLong
by AAnandAggarwal
SUNPHARMA | Near 7Yr Resistance| Rocket Abv 1080 | 70% UpsideNSE:SUNPHARMA 7 month Consolidation between 800 - 940 & recently Breakout from Ascending Triangle Price approaching 7 Year Resistance zone of 1070 - 1080. Breakout above the resistance zone will make Sunpharma a Rocket. Short Term Target : 1070 Long Term Target : 1542 - 1831 Upside : 50%-70% SL : 880 Rising in Channel since March 2020 and Taking support from 20 & 50 Week EMA RSI is consistently in Bullish Zone
NSE:SUNPHARMALong
by manuvsingh
Lincoln Pharmaceuticals ready for weekly breakout✔✔✔Lincoln Pharmaceuticals at fingertips buy half @290-300 level then wait for a pulback🙏 sl below 240 trgt 330-350-380 (note: targt is not based on support and resistance) reasons for this buy 🔹chart looks good.feels that it ready for all time high.but note guys the stock may retest it's support level ,keep it in mind before taking an entry. 🔹Company is almost debt free. 🔹Company has delivered good profit growth of 28.43% CAGR over last 5 years. 🔹Promoter holding has increased by 3.85% over last quarter. 🔹also nifty pharma supporting ,it's ready for all time high(chart mentioned below) about the company Lincoln Pharmaceuticals Limited (LPL) is engaged in the business of manufacturing, marketing and distribution of pharmaceutical products. support 💚 like 💚 comment💚
NSE:LINCOLNLong
by ANKITHSHAJU
7
AARTI DRUGS SHORTTarget 1 2732 Target 2 2675.70 (If it Breaks and Sustain below) Target 3 2661 (If it Breaks and Sustain below) Then we might see bill fall I willl update next target after breaking TGT 3 level. -------------------------------------------------------------- Disclaimer: I am not SEBI Registered, before taking any positions to contact your financial advisor, I am not responsible for any Profits or Losses, whatever Iam providing here is the purely educational and informational point of view
NSE:AARTIDRUGSShort
by subhashsurabhi