Orchid Pharma Limited
Orchid Pharma Limited appears to be a great long-term investment, as the stock has reached an all-time high and continues to rise.
Please analyze the Orchid Pharma Limited daily chart and comprehend its structure. Orchid Pharma Limited, as indicated on the chart, is a good buy in the 1260-1280 range, and it has performed admirably thus far, with enormous upside potential.
Please refer to Orchid Pharma Limited daily chart. Following its breakout from the 1260-1280 range, the stock is now trading above horizontal resistance and continuing to climb. As shown in the chart, Orchid Pharma Limited is currently in high demand, with a price of 1380. The expected growth period spans 1650 to 1700, as illustrated in the graphic below.
- Orchid Pharma Limited is an outstanding long-term investment prospect because it produced a reasonable breakthrough around 1260-1280 and continues to grow.
- Orchid Pharma Limited appears to be in a strong position on the chart, with potential for further growth to 1650 and 1700.
- As of now, the optimum time to buy this stock is between 1260 and 1280, as the risk-reward ratio is optimal for cash transactions.
- The chart shows that the stock has broken out of an ascending triangle pattern, with a target price range of 1650 to 1700.
Please see the Orchid Pharma Limited daily chart for reference. The daily chart shows horizontal resistance, a breakout, and demand in the 1260-1280 price range, with the stock rising in response to high demand in that region.
Please take note of the horizontal resistance and its breach, as the stock set a new all-time high today, indicating an excellent buying opportunity at the current price. So far, the stock has followed the chart's increasing trend, reaching its objectives in 1650 and 1700.
Orchid Pharma Limited evolved from the rising triangle, with the pattern's most recent objectives spanning 1650 to 1700. The ascending triangle is a chart pattern used in technical analysis. Price movements result in a horizontal line at the swing high and a rising trend line at the swing low. The two lines make a triangle.
Investors may look for a long-term purchase opportunity around the 1260-1280 range and profit on any dips that occur as the stock is in high demand, perhaps leading to a recovery to the 1650 and 1700 levels, showing a strong risk-reward ratio. Use every dip to buy this stock since it has a strong upside potential, and every dip is an opportunity to invest.
Investors may buy the stock with cash over time, with a stop loss of 1105 and price goals ranging from 1650 to 1700.
As a trader or investor, I frequently watch for a Volatility Contraction Pattern (VCP), which occurs when price volatility lowers prior to a major climb, allowing the stock or instrument to attain massive volume and upside with a rapid increase and target hit. For further information on VCP patterns, please visit our website and download the application. We also demonstrate how to detect such patterns with high precision.
Orchid Pharma Limited daily chart shows both support and resistance. The spot chart illustrates each level.
|
Orchid Pharma Limited |
Support |
Resistance |
|
Level 1 |
1260 |
1650 |
|
Level 2 |
1200 |
1700 |
Company Profile: Founded on July 1, 1992, by Kailasam Raghavendra Rao, an IIM Ahmedabad (PGP '79) alumni, Orchid Chemicals & Pharmaceuticals Limited is a pharmaceutical company situated in Chennai, India. By market value, it was one of the top 500 Indian companies on Fortune 500 as of 2007.
Orchid became a public corporation the next year after receiving a certificate for the start of operation in 1992. It was certified as a good manufacturing practice and started producing commercially in 1995. It rose to become the leading manufacturer of sterile and oral cephalosporin in 1999 and was listed in the top five manufacturers of cephalosporin APIs. The formulation division commenced its operations in the same year. The business opened offices in the US and Russia in the early 2000s.
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