A good setup to go long , formed a beautiful bullish patterns ( rounding bottom ) ready for a triangle breakout with a good risk to reward ratio
MACD never dipped below 0 levels despite the cross unders thrice
A Fundamentally great stock engaged in the Pharmaceutical business having network over more than 25 countries .Low debt company with zero promoter pledge. Just below its 52 week high. For the last 1 year its in a consolidation stage and now challenging its more than 1 year older resistance band . If it breaks it and bounce over from here then the level of 100 is...
A Fundamentally great stock engaged in the Pharmaceutical business having network over more than 25 countries .Low debt company with zero promoter pledge. Just below its 52 week high. For the last 1 year its in a consolidation stage and now challenging its more than 1 year older resistance band . If it breaks it and bounce over from here then the level of 100 is...
Stock Name - Marksans Pharma Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 71
#This is not Buy and Sell recommendation to any one. This is for...
Marksans pharma has taken support of rsi 60 twice on a weekly TF. On daily TF it has regain rsi 60 level.
And on monthly TF it just has crossed 60.volume is also increasing in few last trading sessions .so as per my analysis it's having more potential to reach the mentioned target🎯. Keep watching.
Disclaimer: this is for educational purpose only.
MARKSANS PHARMA above trendline with good momentum and heavy volume. Strong Breakout potential
Entry - Current (Dip till 52.40)
Target 1 - 56.15
Target 2 - 62.35
SL - 48.90
Can reach 85 Long Target
