Gland pharms ex-promoter has done block deal worth $150 million and the setup in 4 hour for swing seems strong for shootup to near target 2000 and target 2 2100 in near terms . For education purpose only it’s not buy or sell recommendations. I am not SEBI registered adviser. Enjoy , have a peaceful sleep .
In this weak market sunteck shows its strong trait above 200EMA and 300EMA . and also it is forming higher highs and higher lows (uptrend)
If it crosses 1265 with good volume ,it may reach 1450 in short .Considering good momentum in steel futures and demand it may happen in 3 months frame.
There has been seen an large price action break out ....target 50 with SL 30
This is recommendation for 2022. Considering as multibagger with safe investment in mind
Money minting mutibagger it looks good in weekly chart with strong base
For short term you can see round off pattern for long term it has volume break out with good volume and in coming session will see ggood returns Stop loss Rs 16
Target 1 Rs 8 Target 2 Rs 10 ...... ...... it is long term investment
Since the past past quarter result tested the stock it went to its base support and bounced back with fast recovery.In coming quarters it's NPA will decrease gradually which will help the stock to recover slowly