SANOFI INDIA- ARSH SE......FARSH TAK~Sanofi India which was one of the favourite pharma stock of the investor is now trading in a strong bearish zone.
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SANOFI trade ideas
Weekly Time Frame Analysis
**Near the demand zone or flip zone(5850-6000)
**under 200 ema ( a little bearish zone)But if it take support from demand zone(5700-6000) then there is a higher probability
that it will be above 200 EMA in upcoming weeks.
**2nd time near demand zone( perfect time for add more quantity)That is how you play ur investment.
If you find any doubt, do comment
sanofi indiaa good company with good R:R ratio , good to enter cmp for target 7300 with stop at or below 6200
Sanofi India Bottom FormationSanofi India has been hammered by the market and now looks like it is at its bottom. These levels might hold and one can look to accumulate the share for the long term at current levels.
SANOFI - Bulls Counter attack in Weekly chartsSANOFI - Bulls Counter attack in Weekly charts, Strong momentum is observed at Accumulation zone , potential reversal for considerable up move till 8000 and higher
#SANOFI can retest 8153 ahead of 6% dividend payout#SANOFI #SWINGTRADING #CANDLESHUNTING
HAS MADE A CRITICAL WEEKLY CLOSE ABOVE 7608 ( 9-WEEK HIGH)
ABOVE 7650 , CONTINUED CANDLE SHUNTING UPTO 8156
TGT 8153
STOPLOSS 7350 ( WKLY CLOSE)
RISK:REWARD : 1:2
embedded is DIVIDEND OF 490 with book date of 4-MAY-22
YIELD IS 6.3% ( expect ex-dividend correction post book date)
SANOFISanofi India Limited is engaged in the manufacture and sale of pharmaceutical products.
Current price is more than the intrinsic value
Stock offers good dividend returns
Low probability of default in next 12 months
PE Ratio 17.87
Midcap
With a market cap of ₹16,872 cr,
Over the last 5 years, revenue has grown at a yearly rate of 7.67%, vs industry avg of 6.95%
In last 3 months, foreign institutional holding of the company has decreased by 1.12%
Current dividend yield is 6.69%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹66.88 every year
Stock is 1.29x as volatile as Nifty
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Sanofi is at good support zoneSanofi is at good support zone, may see reversal from these levels in coming days
Sanofi - Reversal in negative trendSanofi was correcting from 11/08 from 9275 and it went down to the level of 7435 on 20/12. Since then, it is consolidating in a healthy way. It now seems to be a reversal candidate and uptrend may start soon and strongly.
Chart Pattern:
1. Double Bottom
- It created double bottom with second bottom above the initial
- It created double bottom with positive RSI divergence
2. W Pattern:
If it rounds upside successfully from here, W pattern seems to be in formation
- As per this pattern first target would be top of the trough, i.e., 7930 and then 8350 to the top of W
Retracement:
According to Down side retracement, first target can be 8138 (38.2%), then on 8355(50%) and final strong 3rd resistance would be at 8572(61.8%)
SL: 7400
Swing Trade Idea for SanofiIf it breaks
Risky Entry: CMP (7593)
Safe Entry: 7750
t1: 7945,
t2: 8451,
SL: 7427
Positional or Longterm Opportunity in SanofiGo Long above 7797.1 for Targets of 8158.95, 8520.8, and 762.75 with SL 8882.65
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this the stock gave Trendline breakout (marked with green color) and now this Trendline is giving support to the stock.
4. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
SANOFISANOFI: Looking Good
Expecting Bounce Back to Bullish from Support Level Trend Line
Buy Above/CMP 7701.80 Add Every Dip Stop-Loss Closing Below 7450 (Safe) 7200 (Risky)
Target 7950-8200-8500-8800+++
Positional Call
SANOFI... POSITIONAL TRADE... PRICE ACTION PREDICTION...Sanofi... Positional Trade Idea... Price Action Prediction...
#SANOFI - add at bottom of trading range 7500-8300#SANOFI - add at bottom of trading range 7500-8300
Stoploss 7300 ( weekly close)
Risk: Reward - 1:2+
Absolute return - 10% ( duration 1 qtr)
The stock has a beta of 0.2 in long term and a beta of 0.29 over last 2 years, could get less impacted by large swings on the index.
SANOFI : Fundamental good SANOFI :
- one of the good Fundamental company
- available with low price.
- if able to close above resistance good to add
This is for educational purpose only and personal view
Sanofi - Breakout retest - Weekly TimeframeSanofi has broken out from long consolidation in last 3-4 weeks...currently the stock is retesting its breakout trend line....respected it and had bounced off from the trend line
SANNOFI INDIA - BearishBroken the trendline and saw a major uptick in the stock price w.r.t the volume. Then forms symmetrical triangle and again saw a major BO (Downwords).
Also could not sustain the support line of 8237. Now if it could sustain the next support line i.e. 7877, it could move up again. But if it falls further then the target would be around 7400.
SANOFIX TRADING STRATEGYNSE:SANOFI NYSE:SA
SANOFI TRADING STRATEGY - NEXT WEEK
Stock losing momentum after hitting BOLU and entering rangebound in a descending triangle pattern on 1D charts.
MACD line moving below signal line, Aroon Down has cut Aroon Up from below, and RSI moving towards its bearish support of 50-60.
STRATEGY
Short when price moves below the triangular support zone of 8514, with a profit target at BOLD, and SL at BOLM (if above the triangular support zone) or the upper resistance of the descending triangle
