The price is trying to break 22 years old resistance with strong volumes and a very bullish monthly candle.
It is outperforming Nifty Pharma.
Keep an eye
Kopran is Ready to give range breakout , Expecting good upmove
TGT - 260 & ABOVE
SL - 200
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may...
Kopran Ltd. is still showing a strong buy trend because
Rsi is above 80
ADX Indicator is above 40 and showing strong buy because it is near DMI+ blue line Indicator towards upward.
Target 1 - 175.15 (Already achieved)
Target 2 - 246.90 (Already achieved)
Target 3 - 322.85
Disclaimer - This is for educational purposes only. I can be 100% wrong. Do your own due...
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TECHNICAL ANALYSIS OF NSE:KOPRAN
The LAST CLOSE PRICE of NSE: KOPRAN is 232.45 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 229.05. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07,...
Kopran (Nse) has an operating revenue of Rs. 495.84 Cr. on a trailing 12-month basis. Annual revenue de-growth of 0% needs improvement, Pre-tax margin of 8% is okay, ROE of 11% is good. The company has a reasonable debt to equity of 17%, which signals a healthy balance sheet.
Kopran is ready to breakout from 1 month of consolidation.
Price Volatility is contracting from Left to Right creating a Volatility Contration Pattern.
Buy Range: 204-234
SL: 8% max
Target: 15%
Note: Not a SEBI Registered analyst.
Take the trades at your own discretion.
Stock has history of moving in Flag and Pole Pattern.
Pole and Flag has been created on weekly Chart, base of pole 101.3 and high of pole is 234, difference 133.
Flag breakout area is around 195. ENTRY ABOVE: 195
So Target should be 195+133 i.e 328
Stop Loss: 168.8 (Weekly Close).
Will Update Trailing Stop loss whenever required.
Duration: 1-2 Years
People who...
The chart is self-explanatory. The technical setup is perfect for Kopran some good business will send the stock prices to Jupiter.
It has Broken out of the resistance line from 2007, with a good volume. 1 to 1 equality with consolidation range gives us a target of 950+ in the long term
Kopran Ltd. is a holding company, which engages in the manufacturing of pharmaceuticals and related products. It operates through the following business units: Formulations, and Active Pharmaceutical Ingredients. The firm's products include Amyn, Lokit, and Ciproquin. The company was founded on April 26, 1958 and is headquartered in Mumbai, India.
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