ANUHPHR trade ideas
Anuh Pharma - The Non-stop Blaster, but its Just about to Start Anuh Pharma - Going non-stop. Another 6.3% up today. Multi-year VCP Pattern BO happening. Volume build up is good. Just let it sustain above 261 levels until Weekly Close for rockets to Fly....Target 320, 445 (Still 2x to go from here). But fresh entries wait for BO confirmation on weekly. Remember - this is a Monthly Pattern. Even WEEKLY confirmation of BO is not good enough, but atleast we need to wait for this minimum
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Anuh PharmaA 1,079 crore market cap co. in the pharma industry manufacturing bulk drugs for Macrolides and Anti-TB products in India, besides being a major player in Anti-Bacterial, Anti-Malarial, and Corticosteroids.
Future outlook - Planned capex of 5 cr. for capacity enhancement in FY24. This will help them reach target growth rate of 15-20%.
Debt-free, consistent and rather increasing OPM in the range of 10%-15% since 2012 with a healthy balance sheet with a strong promoters holding of approx. 70% with public holding the rest 30%. Since the company is a microcap, there is no coverage of institutions yet, which makes it a future "on radar" company for big players like MFs, AIFs, etc.
On the technical front, the monthly chart looks promising with rising OBV and volume accumulation with price sustaining above the trendline. Even though the March monthly candle still needs to be close above the trendline, it should be on the watchlist for a close above the trendline to start it's journey towards being a dark horse for the pharma industry!
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ANUHPHRStock name = Anuh Pharma Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Anuh Pharma One of the fundamentally strong pharmaceutical stocks with a low price-to-earnings ratio exhibits promising technical bullishness, supported by favorable technical indicators. A potential entry point could be considered above 117.
