SANOFI trade ideas
Sanofi - Gem of Pharma @ Support*Personal Views Only*
Buy at CMP
Target - 8500/9000+
Duration - 3 to 4 months
SANOFI - CMP: 7528 Reversal PossibleSanofi - after a strong bearish movement it is likely to take price reversal. It has taken support at 7400 and move ahead. Increasing delivery volume also confirming the same. It can move ahead to fill GAP. We can expect price movement up to 7848 to 7980.
Buy Sanofi IndiaMy idea is for educational purpose.
Buy Sanofi India @ 7470 for short term gain of 10-20%.
SANOFI at supportit is trading near it's 20M MA.
it has not traded far below 20M MA in the past 12 years.
it was below 20M MA for 3Quarters for less than 8% fall from 20M MA.
12Y Fibonacci retracement shows 23% retracement level is placed at 7029, however current levels could act as support by looking at past trend.
#SANOFI finding support and getting ready for upmove#SANOFI finding support and getting ready for upmove.
Details in chart.
Sanofi India breaking out beautifully. Sanofi India has broke its resistence levels .First Possible Targets 8900-8950. Sl 8240 on daily closing basis.
Reverse Cup and Handle . Reverse Cup and Handle with reasonable volumes on rise. Target 1 is 8590 target 2 is 8880. Stop loss at 8050. Not a recommendation for anyone. For my own record only. :)
Buy Sanofi IndiaBuy Sanofi India above 8400 with stoploss of 8100 .Target is 8980
Study: Forming Inverse Head & Shoulder Pattern...Breakout above 8400
Sanofi India, 1D TF. Good RRR.The stock price is taking support over the Trendline for 3-4 times, accumulation & a U-shape recovery is observed.
The price has given a double confirmation by crossing the short term Trendline.
Can easily go for 5+% reward in a short span.
