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 @...
Get ready for the breakout of the bearish flag pattern.
Short after retest of the breakout.
Minimum lower Target 38.
Fibonacci level 0.5 act as strong resistance ( at 54.25).
Positional trade only, and only for education purpose only.