MARKSANS - BullishChart structure looks good on weekly and on daily too. Stock has broken out on weekly a few weeks and retested the BO zone.With a SL below the demand zone and tgt around 85+ risk reward ratio is promising.
MARKSANS trade ideas
Add Marksans Pharma for short termAdd Marksans Pharma for short term. Buy upto 50... targets can be 80-95.
Good Pick in Pharma SpaceMarksans Pharma - Plagued by FDA issues, price have reached bottom in the past years. Hailed as next Glenmark once. Now showing momentum as overall sector is bullish. Good Promoter Holdings and increased FII/FPI participation seen. Can look for long term investment with a stop@ aggressive 50 or 45.
Investment stock Buy above 64.00* Consolidate near 0.5 Fibonacci ratio and Rounding Base Formation in bottom.
* Buy above 64.00 with the SL of 48.00 Closing basis and the target is 73.00 and 110.00 .
* Marksans Pharma is engaged in Business of Formulation of pharmaceutical products.
*Company is almost debt free.
* Debt/Equity - 0.03
* Market Cap - ₹ 2,376 Cr.
Marksan to touch support and bounce backMarksan downtrend follows.. it might bounce from this support line
Question on MARKSANSStock has given good breakout from critical resistance zone of 58-55
Dips to these zones can be bought
Next resistance at 74/86
Marksans Pharma Stagnant highs, rising lows most certainly breakout sooner or later. Prices tend to touch both vertices of the triangle till reaching the triangle top. Patience is key in triangle patterns.
Marksans ready for launching again after a brief pullbackThe stock broke out after months-long consolidation, and gave a brief low volume pullback. A CANSLIM stock, will soar higher in days to come
MARKSANS PHARMA 1DStock - Marksans Pharma
CMP:- 58.90
Target are :- 72 , 88 and 100plus
SL:- 48 on closing basis
The stock has given a clear bullish breakout of a Flag pattern on Daily Charts
and has cross the level of 58 after 4 years of consolidation
#MARKSANSPHARMA LONG FOR 30-40% ROIF U SEE THE DAILY CHART ITS A LONG ACCUMULATION BY BIG PLAYERS FROM AUGUST TO ALMOST DECEMBER START
THIS STOCK IS TRADING AROUND 60 LEVELS, ACCORING TO WHAT CHART SAYS IF IT BREAKS 70 WE CAN SEE A BLASST TILL 100 LEVELS
SL CAN BE 55rs ON WEEKLY CLOSING BASIS
P&F with Wave CountObservations:
=>P&F charts has formed ascending triangle on daily chart
=>Stock is at multi-year High
=>Also wave count suggests the downtrend is over
=> MACD seems to be bullish
