Symmetrical Triangle Breakout and pull back pattern seen

3 окт. 2023 г.

Hello Traders and Investors, i hope you all will be doing good.
I have seen symmetrical breakout in SunPharma so publishing this..you can take advantage with that.
Guy's Sun Pharma is looking good on chart, as it has given a breakout of kind of symmetrical triangle pattern and today price has make a pull back pattern which is going to retest the levels. Price is above 200-EMA which is positive sign for this and MACD also giving bullish crossover.. there is higher chances that we can see this above 1200 in coming few days. So for triangle pattern i already have explained earlier in other stocks. I will add below for your reference. Go and check about this pattern.

Important levels for Sun Pharma:-

Take from now cmp 1144
Keep stop loss at 1121
Targets we can see in upside 1186/1211++

Let's focus on about company:-

Sun Pharmaceutical Industries Ltd is engaged in the business of manufacturing, developing and marketing a wide range of branded and generic formulations and Active Pharma Ingredients (APIs). The company and its subsidiaries has various manufacturing facilities spread across the world with trading and other incidental and related activities extending to global market. It is the largest pharmaceutical company in India.

Market Cap
₹ 2,74,508 Cr.
Current Price
₹ 1,144
High / Low
₹ 1,170 / 922
Stock P/E
31.1
Book Value
₹ 233
Dividend Yield
1.00 %
ROCE
16.4 %
ROE
16.6 %
Face Value
₹ 1.00
Debt
₹ 6,886 Cr.
EPS
₹ 35.2
PEG Ratio
1.18
Promoter holding
54.5 %
Intrinsic Value
₹ 518
Pledged percentage
2.29 %
EVEBITDA
21.3

PROS

Company has delivered good profit growth of 26.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 56.0%

CONS

The company has delivered a poor sales growth of 10.6% over past five years.
Tax rate seems low
Company has a low return on equity of 14.0% over last 3 years.


Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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