Balaxi Pharma is consolidating and forming triangle pattern on monthly time frame. Recently company has announced stock split also which will consider soon. Keep on radar for breakout above falling trendline.
Balaxi Pharma is trading near inside bar breakout zone on daily time frame. Keep on radar for breakout. Recently company has announced sub division/split of shares also. Can expect good momentum if close and sustain above Inside bar zone.
Balaxi Pharma is holding support levels on weekly time frame. Keep on radar. Most of the stock are not respecting its major support zone. Accordingly Balaxi Pharma can be consider as strong stock despite correction.
Balaxi Pharmaceuticals Ltd| MOMENTUM SWING IDEA 15 FEB 24
Balaxi Pharmaceuticals Ltd is an IPR-based pharmaceutical Company engaged in producing, stocking, selling, and supplying branded and generic medicines
Financial: strong
Market Cap =₹ 639 Cr. ROCE = 38.5 % ROE = 32.2 %
Debt to equity = 0.12 Promoter holding = 71.2 % ...
Dear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:BALAXI with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:BALAXI
Holding Time Frame: 90 Days
Entry Point: 430-435
Stop Loss Point : 370
Target Point: 500,540,590
I've...
Balaxi Pharmaceuticals Ltd can be a good opportunity for long term investors. On the basis of available fundamentals, can expect to touch life time levels soon. Keep on radar for closing above 568.
