SANOFI INDIACharts looks good 👍
Bullish chart pattern Formation.
Breakout possible at 7250
Note - Do your own analysis before taking any trade decision.
SANOFI trade ideas
Ready for Next LegNSE:SANOFI after Breaking out Heavily with Volumes took some Rest on the Accumulation Zone and now that 50 EMA has caught up and Took Support Today. Keep in Radar
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Cup with Handle SanofiA cup and Handle formation seen in Sanofi.
Conservative traders can enter after it breaks the cup resistance line.
Aggressive traders can try entering at current price levels or at any dip in upcoming market sessions.
Happy Trading !!!
Sanofi India LTD analyasis on 02 Jun 24Sanofi India LTD analyasis on 02 Jun 24
Formation of Cup and Handle
Stock PE 35 less than industry PE 45
Stock is above all moving average
positive supertrend
add small quantity at current level
add more quantity above 8800
keep stoploss 7800
target 9000 - 9300 - 10000 - 10500 - 11550 - 12000
Cup and handle target 12360
SANOFI - Multi year breakout setup - Swing/InvestmentThe analysis is done on Weekly TF hence price may take few weeks to several months in order to reach the targets.
Trade setup is explained in image itself.
Also look at the charts of its peers analysed in below link
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
sonafi india ltd retest the golden zone sonafi india ltd retest the golden zone and volume also increasing keep on radar for few days
Sanofi India Limited - Breakout Setup, Move is ON...#SANOFI trading above Resistance of 9193
Next Resistance is at 11808
Support is at 7521
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 purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Head and Shoulder Pattern BreakoutHead and Shoulder Pattern Breakout in weekly chart.
Breakout took place after 4 years.
SANOFI, STRONG BULLISH BREAKOUT HAPPENINGBUY SANOFI INDIA 8600, FOR 1100 TO 1300. Good inverse head & shoulder breakout happening above 9200. NCLT approves demerger for their company in two different business.
Sanofi forecast - Accumulate slowlySanofi India is near completion of its Harmonic pattern and will turn bullish.
Sanofi India is nearing its bottom and seems will bottom out close to 4796 by end of May.
Accumulation can be started from 5000
Stop Loss is 4700 on monthly closing basis
Target 1 - 7424
Target 2 - 8989
Target 3 - 9285
SANOFI INDIA - ROUNDING BOTTOMSANOFI INDIA has formed Rounding Bottom & trading near ATH. It has given decisive breakout above 8700 & 9100 levels. Consolidation & breakout above 9300 could eventually lead this breakout to 13000 levels in a very short to medium term. Below 8000 levels could change the trend & should be an exit
SANOFI | Investment Pick📊 DETAILS
Sector: Pharmaceuticals & Drugs
Mkt Cap: 19,127 cr
Sanofi India is engaged in Business of Manufacture and sale of pharmaceutical products.
TTM PE : -- (Average PE)
Sector PE : 49.36
Beta : 52 Week Low
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
1.41% away from 52 week high
Underperformer - Sanofi India up by 1.05% v/s NIFTY 50 up by 6.9% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Sanofi India: Inverse head & shoulder BO on WTFSanofi India is looking good on weekly time frame. Stock is attempting breakout. More strength above 7900.
SANOFI [1 Month Momentum]Recently SANOFI formed a beautiful cup and handle on a long weekly base and has been coming up in screeners for 1 month momentum from this past week. Good to ride this if one caught this in the BO stage. Else keep SL of 8% on the downside from CMP of 7625.
Sanofi: Trading near breakout level on DTFSanofi India is attempting breakout on daily time frame. Keep on radar.
Bullish wait for breakout Head and shoulder pattern
Wait for breakout and confirmation
Bullish for long term 1 year.
Good stock for accumulation
Sanofi Sideways breakout Buy above 6240
Sanofi has recently taken support from a monthly demand zone and broken a weekly demand zone on the daily timeframe with huge volume.
The stock was in a downtrend from August 2021 until October 2022, which was phase 4 markdown.
Since October 2022, it has been trading sideways, which can be considered accumulation phase 1.
Today, the sideways breakout has happened, which can be phase 2, meaning mark up.
Plan to buy above today's high of 6240 with a buy entry planned for tomorrow if the high is broken. The stop loss should be around 6070, and the target should be below the weekly supply zone at around 6532, making the risk to reward ratio approximately 1:1.5.
After reaching the target, trail your stop loss and targets upside for more profits.
I am not a SEBI registered individual; my analysis is only for educational purposes.
If you find my analysis helpful, I'd appreciate it if you could like it and follow me on TradingView for more analysis like this.
Buy Sanofi IndiaBuy Sanofi India (NSE:SANOFI)
Buy Range- 6900 - 7000
Target- 7300 - 7400
StopLoss- below 6750
Potential Return- 5-6%
Approx trade duration 12 - 14 days
SANOFI INDIA LTD TARGET 7904SANOFI INDIA LTD weekly bullish with strong resistance broken of 6874. If it opens above 7007 and sustain above 7034 it will reach the target 7904
SANOFI#SANOFI is looking good to go long. Gave a BO from the base with a good volume. SL as mentioned on the chart.
SanofiBought due to huge volume spike. If missed then buy between 6000-6150. Stoploss and Target mentioned.
Sanofi India must stay above the trend linesSanofi India must stay above the two trend lines.
WIll come back down to test the new support created
