The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
MARKSANS was trading within an ascending channel since Nov '2005.
It broke out from the channel in the ongoing month of Nov '23 forming a large bullish candle on a monthly time frame, rising approximately 51%.
The Stock rose nearly 11.88% today hitting an All Time High of 165.
NSE:MARKSANS has attempted a breakout and any follow up should be bought into. The stop loss will be at 175 after the breakout is confirmed. Looks good for short to medium term. Excellent volumes today.
Above 97 support sustains (21st Aug) then 📈 173 - 286 possible within ( March -- June 2024 )
Flags 🚩 are rejection marks.
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Marksans Pharma :
Trendline breakout done
Good resistance ahead around 165 levels , candle close above 165 (1 hr candle) is crucial for possible up-move
Monthly chart analysis of Marksans pharma reveals a beautiful cup and handle breakout in the stock.
We have seen an ATH breakout already and a consolidation/retracement is bound to happen.
The stock is looking strong for multibagger returns with the best buy level for a positional trade is the range of 95-105
Keep this stock in your watchlist. For investment,...
Stock Name - Marksans Pharma Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 160
#This is not Buy and Sell recommendation to any one. This is for...
#MARKSANS trading above Resistance of 134
Next Resistance is at 180
Support is at 92
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...
#MARKSANS trading above Resistance of 97
Next Resistance is at 134
Support is at 74
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support 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...
Hi All,
I found this C&H breakout on Mark-Sans Pharma. On weekly basis it has given closing from previous highs or rejection points. So, I am fairly convinced to take this trade myself. Please follow your own rule and risk management guidelines. This is for educational purposes only. It is not recommendations to buy or sell. Kindly do your own due...
