SANOFI INDIA LTD
Price had took support near 100 Days EMA, and crossed 20 day EMA and 50 day EMA gives bullish signal for this stock, one may take trade based on his/her risk appetite for swing opportunity.
important levels are
entry range : 7760-7800
stop loss : 7700
The stock is showing strong support at the 4080 levels. The current pattern shows a descending triangle, constantly testing this support level for the past 3 months. The descending triangle is showing exhaustion as indicated by the Accum/Distribution trend. The A/D is a leading indicator that takes into account volume aspect of the trade as well. One should expect...