Sanofi 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 is at good support zone, may see reversal from these levels in coming days
Sanofi 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...
SANOFI : - one of the good Fundamental company - available with low price. - if able to close above resistance good to add This is for educational purpose only and personal view
Sanofi India Long term Buy