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MARKSANS PHARMA LTD Trend Analysis
MARKSANS PHARMA LTD
Long
MARKSANS PHARMA LTD Trend Analysis
By Swastik24
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May 14, 2022
3
Cheer
Cheer
May 14, 2022
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 @ 67 (78.5% ROI with 3.93 R:R)
Medium term positional target @ 105 (180% ROI with 9 R:R)
Long term positional target @ 180 (380% ROI with 19 R:R)
Stop loss @ 30
As always, do your own due diligence before taking any action.
Peace!!
Beyond Technical Analysis
Chart Patterns
MARKSANS
marksanspharma
Trend Analysis
Swastik24
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