Dear All,
Cadila Healthcare
Technical Rationale
Ø Cadila Healthcare Ltd. is in a long term uptrend channel.
Ø In medium term stock was in consolidated in the range of 300-450.
Ø Currently stock is continuing its uptrend and bounced back above 61.8% Fibonacci level at 390.
Ø Stock is trending towards its upper consolidation level at 450 levels.
Ø With the stop loss of 340 buy at current level (398) with the target of Fibonacci 161.8% levels at 550.
Ø Support is at 300 and resistance is at 450.
Fundamental Rationale
Ø Cadila Healthcare is developing a pipeline of 20 biologics comprising 14 biosimilars and 6 novel biological products; and new drugs in cardio-metabolic disorder, inflammation, pain, and oncology therapeutic areas. Further, it provides animal healthcare products.
Ø Additionally, the company is developing vaccines that are designed to address infectious diseases, including next-generation influenza, measles-mumps-rubella-
Ø Revenue mix by Geography: US (43.7%), India (40.6%) and Rest of the World (15.7%).
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Regards,
CSEC Research
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