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 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
