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.
Buy MARKSAN PHARMA above 54.70 with SL of 45.70 for a Target of 82.95
marksan looking good for intraday and short term positional setup. NSE:MARKSANS
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 @...
MARKSANS PHARMA - After forming a double zig - zag, It is now ready for wave 5. Keep an eye, it may come for the price range between 49 to 52. That would be a great risk reward ratio to enter. Invest wisely. -Definitely not SEBI - Registered. So, this is only for educational purpose.
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.
Fundamentals: - One of the cheapest Pharma stock (PE 10) - Zero Debt. Clean Balance Sheet. Good cash reserves. - Well known Promoter family. - OrbiMed backing Techincals: - Limited downside from these levels. - At fib 0.5 - Pharma Index on the recovery path - channel support Take your own risk. Disclaimer: invested.
/ ** MARKSANS - (Study) :: Trendline, FIB and Bull Flag levels ------------------------------------------------------------------- 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: ------------------ - Long term UP trend is...
SL-55 Buy- 60-75 #CLEANANDCLEARSTOCKS DOUBTS IN COMMENT SECTION.
must watch stock for tomorrow as it can take support at 20 SMMA and this area is also a good area which has acted as support in the 60 min time frame
Above Ichimoku Cloud Flag Breakout. Took supports at 200 DMA and EMA and started a fresh rally.
Stock is taking its strong support of 56.80 weekly closing above 62 will take it to the moon
Today it made new 52 week high, volume with price upmove is clewr indication of bull run.
Marksans Pharma Entry Price - 62 SL - 55 T1 - 75 T2 - 88 T3 - 96
Stock is trading below the levels marked in the chart from the past 4 years and this week it did given breakout, Go long for atleast 20% returns