Rounding Bottom:- If you are lover of the rounding bottom, Marksans pharma is example of the rounding bottom pattern this share weekly chart Rarely weekly chart formation, If you are interested add this share in your watchlist
An undervalued debt free small cap pharma with strong fundamentals available at a PE below 8.
A potential Cup with Handle pattern is forming.
Expecting price to reach green support zone highlighted, Golden FIB and Pitchfork edge is adding more confluence to that level.
Good to accumulate around 35-40 levels for the following targets:
Short term swing target @...
Date: 04 Aug 2020
Marksans Pharma (CMP: 41.60)
Ascending Triangle Pattern formation with MACD breakout and strong RSI signals.
Fundamentally its a good company with strong growth in YoY quarterly profit and sales. Virtually debt free company.
Target 48.50. Profit potential 16%.
T1-42.50, T2- 45.50, T3- 48.50; SL- 36.50