With potential developments towards the resolution of global tariffs and pharma being defensive in general, MRK price action seems to exhibit signs of a potential Bullish reversal breakout as the price action may form a prominent Higher High with multiple confluences through key Fibonacci and Support levels which presents us with a potential Non-Leverage hold opportunity.
Entry: (Buy 1 CMP 76.2 & Buy 2 87.6)
Stop Loss: 45 or 0 (depends on trading style as Non-Leverage Buy & Hold is recommended)
Potential Range for Targets: 130 - 170
Entry: (Buy 1 CMP 76.2 & Buy 2 87.6)
Stop Loss: 45 or 0 (depends on trading style as Non-Leverage Buy & Hold is recommended)
Potential Range for Targets: 130 - 170
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.