Buy Marksans PharmaMarksans pharma consolidated from last 3 years.
On 01 March its jump near 12%.
Its bottom fishing out.
Now it may touch 45 rs. within one year time.
MARKSANS trade ideas
Marksans PharmaNSE:MARKSANS has had a great run up and looks like funds are accumulating this pharma company. Allow this to create a base and then buy a breakout
Marksans Pharma Ltd. Momentum stockMarksans Pharma Ltd is inching up with high momentum with unusual volumes. High Momentum + Unusual volumes killer combination for swing trades.
"What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” - William O’Neil
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Markssans- Investment pickvery good chart ....short term to medium term , I see 100% up from here...keep adding
will go up in few days according to wave structure ,,,there is a MACD divergence... according to structure it will come down little but it also shoots from this point keep watching but not to forget to use a Stop loss.
Marksans - in HnS formation : Daily chartMarksans Pharma could be in a HNS formation on a daily chart - Wait and watch
Marksans Pharma- Rolling cup !!Marksans Pharma- No targets, Just want to observe the Pattern !!
Intresting trend !!
Current Dt:- 01-oct18
CMP:- 29.30
MARKSANS
Marksans Pharmaceuticals Marksans Pharmaceuticals
Can exhibit a further up move or down move depending on further confirming price action at resistance line/ rounding bottom formation.
Fundamentally the stock is not in a bad position.
If price action breaks out in bullish manner, one can go long for medium to long term
Respect Level
Volume is good
Break above level
Monthly and Weekly looks bullish
Cons
Trading in overbought zone
Nifty and Nifty Pharma are unhappy
SLEEPING BEAUTY !i see the stock has less to loose and more to gain ! thus risk reward is fare enough to carry long!
MARKSANS, LONGAfter a downtrend (shown by red line), Share formed HAMMER followed by MARUBOZU (shown in box). RSI is also supporting price rise (marked by green arrow). All these things indicate that Share Price will go up.
Looks good for swing trade @ given levelsThis Analysis is for watch purpose only. No trade to be taken based on this Analysis.
Highly Oversold loss 0.06 lakhs to 14.5 crore Profit company I believe Marksans Pharma has the potential to give good returns in long term.
**Fundamental Analysis**
The stock gave great results on QOQ basis with from a loss of 8 lakhs to a profit of 14.5 crore thats good on every scale.
The only thing that concerns me is the P/E ratio which is way above the Industry average of 20.
**Credit Rating for Marksans Pharma **
IND A-(Stable)
for Long Term Rating from fitch
IND A1(Stable)
for Short Term from fitch
**Technical Analysis**
The stock has a major support around 35–39 levels if these levels are breached one can exit the stock. But stock appears lucrative at current price for 52 targets and would complete three drives pattern
Marksans PharmaBullish cross over on weekly charts on Aroon indicator and indicates a change in trend . Close above 54-55 levels can see this stock touch 60-64 in short run and 84-100 in a years time.
