Discover and read the best of Twitter Threads about #indoco

Most recents (7)

1⃣ stock should do good accumulation near all time high or 52 weeks high.

Ex - #routemobile & #crest
2⃣ stock should be low market cap (less then 20k Cr.) & low free float.

Ex - #smslife
3⃣ stock should face least resistance after breakout. ( Or not face major hurdle after BO)

Ex- #uttamsugar
Read 6 tweets
Stock name – Indoco Remedies (#Indoco)

Bought now @ INR 312

Chart pattern – Around 3 years long horizontal BO on weekly closing above 317.40 (confirmation pending)

Technical target – INR 630

Time frame – Within 2 years

Stop loss – Will update once stock crosses INR 362 Image
#Indoco - Press release dated 8th December 2020

Indoco wins major tenders in Germany for Allopurinol Tablets - bseindia.com/xml-data/corpf… Image
#Indoco - Great Q2FY21 result!

bseindia.com/xml-data/corpf… Image
Read 20 tweets
The Pharma sector has been in a strong downtrend after the high of Apr'15 and has been falling in a channel. The first attempt to break out was in Sep'18 but failed. Another attempt is in progress now after the stock retested 61.8% of the entire rally from Mar'09 to Apr'15. 1/n Image
Will we see a breakout this time? No one knows, but the probability to breakout is clearly on the higher side after looking at last month's candle & the reversal level at 61.8% fib. What can one do? Start a SIP in one of the pharma funds & allocate a % depending on ur risk. 2/n
Cipla retraced 50% of the entire rally and reversed from trendline and horizontal support levels too. Awaiting breakout #CIPLA #trendlines #investing #fibonacci Image
Read 9 tweets

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