MARKSANS PHARMA LTD.
Fundamentally it's a hidden gem!.
Growth in profit margin,
Debt is asset ratio decreasing it's good to sign for company growth.
12.10 P/E so it's the best and cheap price to BUY hold this for a longterm investment.
Marksans pharma has been showing good volumes spikes after 3 years.
Fundamentally nothing extraordinary about it. But technical structure is bullish, very bullish.
Trading above all Key EMA's.
RSI Has shown negative divergence, so expecting a pullback to 76.5-77.5 levels to take long position.
If somehow it comes to test its strong breakout levels of around...
WAIT AND WATCH STRATEGY!!
CAN SHORT IT IF 1) THE NEXT CANDLE IS GAP DOWN OR EQUAL TO THE CLOSING PRICE OF SHOOTING STAR CANDLE (AND)
2) TILL IT BREAKS THE LEVEL OF RS. 58.05 FOR ENTRY WITH A FIRST TARGET OF RS. 48.2 AND SECOND TARGET OF RS. 42.90 WITH SL OF RS. 77.20.
NOTE: ONLY FOR EDUCATIONAL PURPOSE ONLY.