BAL PHARMA - 3 YEARS OF SUPPLY ZONE BREAKOUT3 YEARS OF SUPPLY ZONE BREAKOUT STOCK FOR SWING TRADING
BUY PRICE : 140
SL : 107 (only for swing traders)
TARGET : 215 (52%)
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BALPHARMA trade ideas
Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above the High and do not forget to keep stop loss best suitable for swing trading. Keep this stock in watch list.
Target and Stop loss Shown on Chart. As stop loss is Big we keep Target Ratio 1:2. Exit if target or stop loss hit or exit if volume become less.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Bal Pharma LtdBal Pharma Ltd, BALPL is a fully integrated pharmaceuticals company specialising in Bulk Drugs, Prescription Drugs, Generics, Pharma intermediates, and Ayurvedic products. Company focuses on therapeutic areas viz. Anti-diabetes, Anti-histamine, Anti-inflammatory, Acne Treatment, Gastroenterology, Cardiology, and dermatology. Company is one of Gliclazide's largest producers and exporters, a medicine to treat type-2 diabetes.
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PHARMA RUNObviously we know what's going on with Covid and how the World government's have been slapped/slammed. People now see and realise the hard truth about how the public health care services lack and how the medical industry has been kept down by dirty politics. I believe Pharma as an industry will sky rocket in the next few years , because every government started to think to invest more into public health care. The technicals for BALPHARMA look good. I believe The green arrow is the most violent move in the chart and it has started a Trend. A and B share different time Variances so I have marked a Horizontal line for approximately where C Wave would End. We can be in different Scenarios ( Flat as i marked , Expanding triangle ) , i will Update you all along the Way. My first target is $100 within the next year or two. Nearly 120% gain from the current Market Price.