Stock - Marksans Pharma
Target are :- 72 , 88 and 100plus
SL:- 48 on closing basis
The stock has given a clear bullish breakout of a Flag pattern on Daily Charts
and has cross the level of 58 after 4 years of consolidation
F U SEE THE DAILY CHART ITS A LONG ACCUMULATION BY BIG PLAYERS FROM AUGUST TO ALMOST DECEMBER START
THIS STOCK IS TRADING AROUND 60 LEVELS, ACCORING TO WHAT CHART SAYS IF IT BREAKS 70 WE CAN SEE A BLASST TILL 100 LEVELS
SL CAN BE 55rs ON WEEKLY CLOSING BASIS
Marksans Pharma Ltd is inching up with high momentum with unusual volumes. High Momentum + Unusual volumes killer combination for swing trades.
"What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” - William O’Neil
Disclaimer: This idea has been posted strictly for educational purposes only and...
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