Indoco Remedies Ltd- Track it for better levelBuy near, 310-325
SL-296 on closing basis
Target-350,375,400
*Note- For educational purposes only
INDOCO trade ideas
Indoco Remedies Ltd- potential for long 50% move.Indoco Remedies Ltd. engages in manufacturing and marketing of Formulations (Finished Dosage Forms) and active pharmaceutical ingredients. It operates through the Pharmaceutical Products segment.
Indoco Remedies Ltd has potential for long 50% move as seen with re-testing triangle pattern too.
(For education purpose only)
INDOCO is also good but a bit risky one.Structure is good for entry but their are more levels pending that are unmitigated to price might trap and test those level too.
INDOCO | Positional Trade📊 DETAILS
Sector: Pharmaceuticals & Drugs
Mkt Cap: 3,746 cr
Indoco Remedies (Indoco) is a Mumbai-based pharmaceutical company that focuses on formulations with a presence in contract manufacturing and research. The Company is engaged in the manufacturing and marketing of pharmaceutical Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs).
TTM PE : 33.03 (Average PE)
Sector PE : 51.38
Beta : 0.64
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
2.04% away from 52 week high
Outperformer - Indoco Remedies up by 7.17% v/s NIFTY 50 up by 1.99% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Looking Very Strong -Multiple Confirmation Check Description-Ready to breakout 2 year old resistance
-rise in volume and strong closing
-rsi breakout and rising from lower levels
-strong support from 50 EMA
-Adx rising macd crossover
-multiple confirmation keep in radar above 410 it can give good return
INDOCOBroke the resistance and retested the support, good to enter we may expect a decent return in short term.
Indoco Remedies: Consolidating & Forming rounding patternIndoco Remedies is looking good on weekly time frame. Stock is consolidating and forming rounding bottom pattern. Keep on radar for breakout.
Indoco Remedies: Consolidating since 24 monthsIndoco Remedies is trading in a range from almost 2 years. Can be a good investment opportunity after breakout. Keep on radar. Pharma sector is also doing well.
Indoco Remedies: Inside bar breakout on DTFIndoco Remedies is attempting inside bar breakout on daily time frame. Keep on radar.
Indoco Remedies Ltd |A Sector Rotation (Pharmaceutical)Indoco Remedies Ltd |A Sector Rotation (Pharmaceutical)
Indoco Remedies (Indoco) is a Mumbai-based pharmaceutical company that focuses on formulations with a presence in contract manufacturing and research.
Market Cap = ₹ 3,758 Cr. Dividend Yield=0.55 % ROCE=17.4 %
ROE =14.8 % Debt to equity = 0.46 Promoter holding = 58.7 %
Quick ratio = 1.13 Current ratio = 1.76 Piotroski score = 5.00
Profit Var 3Yrs = 80.6 % Sales growth 3Years = 14.7 %
Pledged percentage = 0.00 % Return on assets = 9.11 %
Indoco Remedies Limited
is now in momentum zone
I just analyses chart and as per my view I shared my entry exit and tgt
please do your research before investing.
if you like my idea than like and boost and follow me for more ideas.
thanks.
Indoco Remedies: Trading near breakout zoneIndoco Remedies is looking good on weekly time frame. Stock is trading near breakout levels with good accumulation. Keep on radar.
INDOCO review: up till now, from 345 to 394, & yet more to comereviewing NSE:INDOCO chart posted on 11th Aug 2023 when the price was 345
thereafter it made high of 404.70 and now trading at 394 giving excellent 14% gains till now
more gains to come in coming months
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view align with your study.
link of 11th Aug 2023 post given below
INDOCO REMEDIES swing pickINDOCO REMEDIES looking good in weekly we can expect good up move in upcoming days
INDOCO REMEDIES : TRIANGLE BREAKOUTTraingle breakout after a consolidation period.
Targets upto 30% and Risk Reward 1:5
Indoco Remedies: Looking good to complete rounding patternIndoco Remedies is looking good on weekly time frame. Stock is consolidating and forming rounding bottom pattern. Keep on radar.
Indoco RemediesPrice weekly above 20-50-100-200
Low volume consolidation since long
Breakout
Go long
indoco remedies ltd Position at 330 TG 355 SL317Indoco remedies ltd Position at 330 TG 355 SL317
Note: onyl for learning purpose, trade at your own risk.
Indoco Remedies TriangleNSE:INDOCO is forming a triangle and current levels are good for bottom fishing. Keep a stop loss at 310 and one can go long here, alternatively one can wait for a confirmation of breakout of the triangle.
INDOCO REMEDIES seems bullishINDOCO REMEDIES seems bullish
Entry: 330-340
SL: 318
Targets: 347 / 363 / 380
Descending Channel Pattern 📌Descending Channel Pattern
INDOCO
+ Coming out of the channel
+ High volume
+ Trading above Key EMAs
✅Not a buying recommendation
Short term Buy INDOCO REMEDIES LTDAs Per Swing Trading Analysis and Insider Trading Data Analysis Mention NSE:INDOCO Stock Looks Bullish this stock had taken weekly support Near 313-315 if this stock breaks 335-340 Mention Level then Possibly it will test 380,420,450 Level.
www.nseindia.com
Buy near 320-325, Stop Loss 300, Target 360,385,400
Time Frame - 6 months
as Per insider Trading Data Promoters of this company increasing their Holdings.
company is having Positive cash Flow.
Notes-
FII/FPI have increased holdings from 1.55% to 1.58% in Jun 2023 qtr.
Promoters have increased holdings from 58.69% to 58.73% in Jun 2023 qtr.
Before Taking Any Entry Do your Own Analysis.
Only For Educational Purpose.
Thanks and Regards
Ajay Metha
INDOCO --- marching towards 420 and then 530 in coming monthsNSE:INDOCO
on the verge of giving breakout on weekly chart
above 355 it should make a good move towards 420
1st 420 and then afterwards 530 can be targeted
cmp is 345
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
