Ready for Next LegNSE:SANOFI after Breaking out Heavily with Volumes took some Rest on the Accumulation Zone and now that 50 EMA has caught up and Took Support Today. Keep in Radar
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Sanofi
SANOFI - Multi year breakout setup - Swing/InvestmentThe analysis is done on Weekly TF hence price may take few weeks to several months in order to reach the targets.
Trade setup is explained in image itself.
Also look at the charts of its peers analysed in below link
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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Sanofi India Limited - Breakout Setup, Move is ON...#SANOFI trading above Resistance of 9193
Next Resistance is at 11808
Support is at 7521
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Sanofi forecast - Accumulate slowlySanofi India is near completion of its Harmonic pattern and will turn bullish.
Sanofi India is nearing its bottom and seems will bottom out close to 4796 by end of May.
Accumulation can be started from 5000
Stop Loss is 4700 on monthly closing basis
Target 1 - 7424
Target 2 - 8989
Target 3 - 9285
SANOFI | Investment Pick📊 DETAILS
Sector: Pharmaceuticals & Drugs
Mkt Cap: 19,127 cr
Sanofi India is engaged in Business of Manufacture and sale of pharmaceutical products.
TTM PE : -- (Average PE)
Sector PE : 49.36
Beta : 52 Week Low
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
1.41% away from 52 week high
Underperformer - Sanofi India up by 1.05% v/s NIFTY 50 up by 6.9% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Sanofi Sideways breakout Buy above 6240
Sanofi has recently taken support from a monthly demand zone and broken a weekly demand zone on the daily timeframe with huge volume.
The stock was in a downtrend from August 2021 until October 2022, which was phase 4 markdown.
Since October 2022, it has been trading sideways, which can be considered accumulation phase 1.
Today, the sideways breakout has happened, which can be phase 2, meaning mark up.
Plan to buy above today's high of 6240 with a buy entry planned for tomorrow if the high is broken. The stop loss should be around 6070, and the target should be below the weekly supply zone at around 6532, making the risk to reward ratio approximately 1:1.5.
After reaching the target, trail your stop loss and targets upside for more profits.
I am not a SEBI registered individual; my analysis is only for educational purposes.
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Cautious View on Sanofi - Death CrossSanofi on Monthly chart is on verge on forming a death cross (20-50 EMA negative crossover)
Cautious on this stock to take entry until there is some confirmation on change in trend.
In case the death cross occurs in a month or two then the below support levels are marked.
Please note: The formation is not yet completed and if there is reversal well and good, else remain extremely cautious from entry,
SANOFISanofi India Limited is engaged in the manufacture and sale of pharmaceutical products.
Current price is more than the intrinsic value
Stock offers good dividend returns
Low probability of default in next 12 months
PE Ratio 17.87
Midcap
With a market cap of ₹16,872 cr,
Over the last 5 years, revenue has grown at a yearly rate of 7.67%, vs industry avg of 6.95%
In last 3 months, foreign institutional holding of the company has decreased by 1.12%
Current dividend yield is 6.69%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹66.88 every year
Stock is 1.29x as volatile as Nifty
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Sanofi - Reversal in negative trendSanofi was correcting from 11/08 from 9275 and it went down to the level of 7435 on 20/12. Since then, it is consolidating in a healthy way. It now seems to be a reversal candidate and uptrend may start soon and strongly.
Chart Pattern:
1. Double Bottom
- It created double bottom with second bottom above the initial
- It created double bottom with positive RSI divergence
2. W Pattern:
If it rounds upside successfully from here, W pattern seems to be in formation
- As per this pattern first target would be top of the trough, i.e., 7930 and then 8350 to the top of W
Retracement:
According to Down side retracement, first target can be 8138 (38.2%), then on 8355(50%) and final strong 3rd resistance would be at 8572(61.8%)
SL: 7400
Breakout in Sanofi India...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (6%) achieved in Sanofi India. Target 2 is ON...This is follow-up on Sanofi India. Can check link to related ideas.
Target 1 achieved. More than 6%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SANOFI INDIA Share Trend Analysis by THE DECISIVESANOFI India is engaged in business of Manufacturing & Sale of Pharmaceutical Products. Since August 2020 it is making a wedge chart pattern on daily time frame & consolidating since May 2021 for a bull run. expecting a good upside move for long term. You can take Target & SL as per trend analysis which we suggest/teach during our Beginner Module Course. Happy Earning!
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