rkvsenthil

MARKSANS - (Study) :: Trendline, FIB and Bull Flag levels

Long
NSE:MARKSANS   MARKSANS PHARMA LTD
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MARKSANS - (Study) :: Trendline, FIB and Bull Flag levels
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Entry @75+ and/or 82+..
BULLISH if, price sustains 75+ level and 80+ level, in 4Hr+ time.

StopLoss 66
BEARISH if, price breaks FIB 61.8 (<67) and breaks Major Bull flag ..


Technicals:
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- Long term UP trend is intact (Green Line).

- On 23rd Aug & 21st Sep21:
: : Price bounced from Major & Minor Bull Flag Support .
: : buying pressure seen near FIB 61.8 Level on these (and many past) occasions.

Targets
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Gets Bigger on every resistance levels break...
So,, Trail your S/L for maximum profits.

Current Fundamentals:
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- High ROCE share in low to medium valuation
- Good profit and margins in the last one year.


Caution : Smallcap stock... Prefer to allocate around 5% of your capital. And please consult your financial advisor to know more about the share market and the risks associated with buying / selling shares.
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Comment: Marksans broke one month+ consolidation with great volume.
Comment: If price holds above 70 on today's close,, I will start building small position and add more when the larger bull flag breaks out..
Comment: Added little more to my position today (now 50%)... and keeping the S/L below Green Trendline..