Marksans Pharma CMP-166.85, currently following series of uptrend & consolidation, need to cross and sustain 180 level for the TGT of 200-220-250 in coming days, keep the stoploss at 155 on daily closing basis.
FUNDAMENTALS:-
Market Cap - ₹ 7,545 Cr.
Stock P/E - 23.8
ROCE - 22.2 %
ROE - 18.6 %
Around 51% comes from Pain Management, 11% comes from Cough & Cold, 8% comes from Cardiovascular System, 6% comes from Gastrointestinal, and the rest comes from Anti-Diabetic, AntiAllergic.
TARGET AND STOPLOSS IN CHART
Market Cap
₹ 4,176 Cr.
Current Price
₹ 92.2
High / Low
₹ 94.3 / 38.6
Stock P/E
15.8
Book Value
₹ 38.5
Dividend Yield
0.54 %
ROCE
22.5...
The stock broke out of 2015 highs and corrected within less than 20% under the 2015 high for 3 months showing the strength in the stock and huge volume accumulation led to the breakout. good fundamentals and decent Q2 results.
Cup and Handle Pattern
The cup and handle pattern is a bullish technical pattern that is formed when the price of a security trends upwards to form a cup-shaped formation, followed by a pullback to form a handle-shaped formation. The handle is typically formed at a lower price level than the cup, and it should not break below the low of the cup. Once the handle...
Markesan Pharma -Cup & Handle on higher time frame ,
Channel Breakout on lower time frame..
With the view of Pharma sector positive move further this stock can break all time high with Cup and Handle Pattern
Bullish view >90
Average at 80 ( IF PRICE Take Support )
Trend Reversal and STOP Loss - 70
1 year time Horizon
MARKSANS PHARMA LTD (1D)
CMP 117.70
Taking support from Trendline
Breaking out strong buying Zone
Pole and Flag Breakout awaited
Quarterly Results awaited on 11th Aug 2023
Might see good upmove from Here
Keep Quantity as per own Risk Apatite
chartoftheweak considering "MARKSANS PHARMA LTD"
1) studying weakly chart (long term)
2) eight years breakout
3) formation of #cupandhandle #patter
4) July 2015 to July 2023 time taken for pattern breakout
5) Cup bottom is very low 570% down compare breakout line
6) #fibretracement plot on this Cup and handle pattern exactly match breakouts of support and...
Marksans pharma - As per Volume theory
we can see soon it will reach near Resistance Zone
Resistance Zone will be purely booking area probability 90 95%
we can see Again stock near demand Zone as near Covid time level
only 5-10% Chances it can break Resistance and go ATH Side
Marksan Pharma - Rising with Higher Lows, breaking the 75 barrier, though with not enough volume as one would desire. May be on follow through it might break. The relative strength alpha is above 0 for long and looking to go up. Accummulation upto 70.5 and stop loss 65.
DISC: Not a SEBI Regd. I post charts for my own study.
Marksans Pharma has a Good Fundamental Structure,
Price is trading near its Book Value.
Company has a good Cash Flow in its hands.
One Can Long Marksans Pharma for the Target of 135.
You will Never Regret it.
Go and Buy this Stocks. Paisa Banake Degi Company.
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
Marksans weekly chart Rounding pattern formation the share is the current in the resistance zone, wait for the breack-out for the fresh entry. now add to the watchlist.
As the charts show,
- Weekly head and shoulder pattern failure.
- A major downtrend got reversed from a gap which happened on Monday(a very important thing to look out).
- 45% up after taking the support of the gap.
- Very strong daily close today.
- Start the accumulation now for great upside from 65 and up levels.
