MANKIND PHARMA making breakout from 3-month consolidation range

27 mar

MANKIND PAHRMA is making breakout from a 3-month consolidation range. Its relative performance to CNX 500 turned positive, & the momentum indicator, RSI has not gone below its bull support zone of 60 during the entire consolidation period & that indicats strength in its bullish momentum. The structure on its weekly & monthly charts also is quite good. On the fundamentals too it has been doing good as its EPS and sales have been growing for the last 4 quarters.

Only personal analysis. No recommendation