Indoco remediesIndoco remedies has had a stong pullback and can head to a target of 410 which would also be an all time high
INDOCO trade ideas
INDOCO REMIDIES LTD -LONG NSE:INDOCO
ACTION - BUY
TARGET PRICE 330/-Rs
STOP LOSS - 235/-RS
CUP WITH HANDLE BREAKOUT AT 272.80/-RS
Disclaimers: - The contents produced here are purely for Educational Purposes. They Should Not Be Constructed as Buy/Sell Recommendations
Financial Interest - Yes
Indoco Remedies - Bounce at supportOne pharma stock with great domestic brand potential but prices have not moved thus far.
Long only once price crosses 204 with a SL below 197. (Reason being id rather buy above 200EMA than right now even though now would be lower risk/reward)
#INDOCO - Bullish RSI Divergence on Weekly ChartINDOCO has demonstrated bullish RSI divergence on weekly chart. RSI is making higher highs while prices have remained range bound. 195-201 is good accumulation zone for initial target of 240. Once RSI closes above 50, then stock likely to see further upside.
