#SANOFIUnderstanding the chart
BoxBO for Range and Body
CCI(All) > 100
TGC True
Target 5737.50 / 5977.65 / 6366
Duration 6 weeks
SL (strict): 4720 / (immediate) 4985
Target was achieved and exceeded!
SANOFI trade ideas
SANOFI Bounce Uptrend TradeEntered on 24 Jul 18 on 5619.95 with a stop loss at 5447.10
TSL update on 03 Aug 18 from 5447.10 to 5930.00
TSL update on 09 Aug 18 from 5930.00 to 6130.10
Current Trailing Stop Loss: 6130.10
In case of hitting Stop Loss confirmed profit: 510.15 points
#SANOFIBoxBO for Range and Body
CCI(All) > 100
TGC True
Target 5737.50 / 5977.65 / 6366
Duration 6 weeks
SL (strict): 4720 / (immediate) 4985
SANOFI LONG SETUPSANOFI looking good on daily chart. Stochastic says the stock is over sold. from the pattern perspective it may test 4100-4200 levels Soon. SL close below 3930.
sanofi india looks bullish in medium term. in weekly - price bounced from channel support and moving up, it can go up to the channel resistance.
sl - 4010, tgt - 4852
Descending triangle - SanofiThe stock is showing strong support at the 4080 levels. The current pattern shows a descending triangle, constantly testing this support level for the past 3 months. The descending triangle is showing exhaustion as indicated by the Accum/Distribution trend. The A/D is a leading indicator that takes into account volume aspect of the trade as well. One should expect a downward movement to the 3800 levels, followed by a possible bounce back. Fundamentally Sanofi is a good stock currently trading at a P/E of 30.
Sanofi to be long long Sanofi will form a pattern of flag and it will be fly above to touch the target of 4501 in coming day.
