i see the stock has less to loose and more to gain ! thus risk reward is fare enough to carry long!
Marksans Pharma Ltd Seems to be in a demand zone on a weekly chart.
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.
This Analysis is for watch purpose only. No trade to be taken based on this Analysis.
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...
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.
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.
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...
buy above 55 with sl 44 Target 100, 150
It has been observed that price action is moving in a channel and good volumes are involved. In past after channel breakout it has given nice breakout. Can be kept in radar/watch list. Seems like smart money is accumulating nicely. Suggestions and comments appreciated.