MARKSANS trade ideas
MARKSANS PHARMA LTDMARKSANS PHARMA LTD.
Fundamentally it's a hidden gem!.
Growth in profit margin,
Debt is asset ratio decreasing it's good to sign for company growth.
12.10 P/E so it's the best and cheap price to BUY hold this for a longterm investment.
83.70 CMP.
MARKSANS PHARMA, WAITING FOR PULLBACKMarksans pharma has been showing good volumes spikes after 3 years.
Fundamentally nothing extraordinary about it. But technical structure is bullish, very bullish.
Trading above all Key EMA's.
RSI Has shown negative divergence, so expecting a pullback to 76.5-77.5 levels to take long position.
If somehow it comes to test its strong breakout levels of around 65-69 then a definite long position to be made.
It has full potential to achieve 95 / 105 levels from here.
***DO YOUR OWN ANALYSIS, I AM NOT RESPONSIBLE FOR YOUR FINANCIAL MOVEMENTS***
Watchlist !!!The stock is consolidating after a breakout
can be bought above 82 for a possible target of 93/112
Note: Educational purpose only
Marksans Pharma #LongFlag pattern Formed and it expected to break. Keep on your Radar for further move.
Marksans pharma - Breakout candidate.Buy at CMP 56 for a target of 65+ in short term.
1. Flag and pole breakout with volume.
2. Support at 50 levels.
3. Falling wedge breakout candidate.
Watchout for Resistance breakoutThe stock looks good above 75.5 level for intraday - slight resistance is there at 76.9. Positionally the stock has given a flag BO and looks good for 8-10% upmove
CUP AND HANDLE IN MARKSAN PHARMA TIMEFRAME OF CUP AND HANDLE - 1 WEEK
TARGET 1 - 74
TARGET 2 - 77
TARGET 3 - 79
Time to cross target < 3 weeks
swing trade - pullbackENTRY - green lines
TARGET - top line 1st target 2nd trail sl
SL - candle close below red line
MY IDEASMARKSANS PHARMA!!
WAIT AND WATCH STRATEGY!!
CAN SHORT IT IF 1) THE NEXT CANDLE IS GAP DOWN OR EQUAL TO THE CLOSING PRICE OF SHOOTING STAR CANDLE (AND)
2) TILL IT BREAKS THE LEVEL OF RS. 58.05 FOR ENTRY WITH A FIRST TARGET OF RS. 48.2 AND SECOND TARGET OF RS. 42.90 WITH SL OF RS. 77.20.
NOTE: ONLY FOR EDUCATIONAL PURPOSE ONLY.
DO YOUR OWN RESEARCH BEFORE TRADING.
Flag pattern breakoutMarksan pharma breaking out on weekly chats the flag pattern.
Targets are very high!
Patience pays... Marksans pharma 40%upMarksans Pharma suggested to buy upto 50... It hits my target... Up by 40%
Longer the Consolidation Stronger the Breakout* I like those chart pattern when price hug many times its upper boundary before breakout with high volume . Accumulate slowly this stock .
Kindly Let us know if you have any questions .
Marksans pharma - Breakout Candidate.Buy after breakout with volume confirmation for a target of 65+ in short term.
Felling wedge breakout soon.
