Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
Marksans Pharma Limited shows a strong uptrend, trading significantly above its 200-day EMA, confirming bullish sentiment. The Hull MA and 10-day EMA are supporting the current price action. While the MACD remains positive, indicating bullish momentum, the RSI nearing 70 calls for caution as it enters overbought territory. The stock's upward movement faces resistance at 370, as suggested by Fibonacci pivots, while support is visible at 320 levels. The recent Evening Star pattern aligns with the overbought condition, hinting at a possible correction. The Awesome Oscillator remains green, confirming bullish momentum, but traders should watch out for any weakening signs. Key levels for immediate action include a break above 370 for further upside or a drop below 320 for potential short-term weakness.
Visit My YouTube Channels for More Content:.
Channel 1 :
ParthaKuchana : For video tutorials on tech, career advice, industry insights, global military tech.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 2 :
Partha Kuchana - Finance: For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 3 :
Partha Kuchana - Stock Analysis : For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Follow me on X :
@ParthaKuchana
Join my Telegram Channel :
ParthaKuchana