Sanofi scaled new highs pretty quickly after pandemic crash however it couldn't gain further. price has been contracting since. volume has gone down, constructive. i will be buying only if there is a breakout with good volume
SANOFI INDIA LTD
Price had took support near 100 Days EMA, and crossed 20 day EMA and 50 day EMA gives bullish signal for this stock, one may take trade based on his/her risk appetite for swing opportunity.
important levels are
entry range : 7760-7800
stop loss : 7700
Buy Sanofi at CMP of 8000, as it is making bullish Head & Shoulder formation. First target is the neckline of 8400-8450, above which stock can move to 9000. Big dividend of Rs350/share is also getting ex on 29 June 2020.
10. Sanofi- now trading near recent resistance levels 7,600-7,650. We can see a possible reversal from here or if stock able to cross these levels we can see a strong upside towards 8,000-8,300 levels.