MARKSANS PHARMA LT NSE:​MARKSANS

Marksans Pharmaceuticals Can exhibit a further up move or down move depending on further confirming price action at resistance line/ rounding bottom formation. Fundamentally the stock is not in a bad position. If price action breaks out in bullish manner, one can go long for medium to long term

i see the stock has less to loose and more to gain ! thus risk reward is fare enough to carry long!

resistance breakout

Volume is good Break above level Monthly and Weekly looks bullish Cons Trading in overbought zone Nifty and Nifty Pharma are unhappy

Positive Break out on Uptrend

Marksans Pharma Ltd Seems to be in a demand zone on a weekly chart.

watch

After a downtrend (shown by red line), Share formed HAMMER followed by MARUBOZU (shown in box). RSI is also supporting price rise (marked by green arrow). All these things indicate that Share Price will go up.

MARKSANS pharma at bottom levels again. Buy and hold for double.

I believe Marksans Pharma has the potential to give good returns in long term. **Fundamental Analysis** The stock gave great results on QOQ basis with from a loss of 8 lakhs to a profit of 14.5 crore thats good on every scale. The only thing that concerns me is the P/E ratio which is way above the Industry average of 20. **Credit Rating for Marksans Pharma ...

This Analysis is for watch purpose only. No trade to be taken based on this Analysis.

Bullish cross over on weekly charts on Aroon indicator and indicates a change in trend . Close above 54-55 levels can see this stock touch 60-64 in short run and 84-100 in a years time.

watch

maintrend up

Looks like a buy to me immediate target 48-50, after breakout 55-59

Near strong Support, If support is held it will make an attempt to reach resistance zone of 55-58.

round 2 of the rally it seems

I like to trade Flag(Pennant) pattern simply because it is relative smaller pattern so the holding period is less and risk to reward is mostly good. I've detected another pattern which looks promising as formed correctly fulfilling all the criteria. My only concern is its closing at the lower side forming a wick on double top zone. Is it an opportunity to enter ...