Bilcare Ltd Views!!!

I had done a post on the pharma industry earlier and decided to check out a stock, much liked by a friend of mine; Bilcare Ltd!

First some basic info about the company;

Bilcare is an innovation-led solutions provider that partners with the global pharmaceutical and healthcare industry to improve patient healthcare outcomes. We endeavor to deliver effective and affordable solutions that enhance the speed and quality of drug discovery and help build and protect brands by ensuring the delivery of genuine medicines to patients.

• Founded in 1995 by Mohan Bhandari, Bilcare Ltd. is listed on Bombay Stock Exchange (BSE).
• Three defined business areas - Pharma Packaging Innovations, Global Clinical Supplies and nonClonable™ Security Technologies for brand authentication and security.
• 500+employees, with 50% workforce based outside India.
• Operations spread over 4 continents with more than 500 pharma customers globally.
• Manufacturing plants and R&D centres located in Pune, Singapore, U.S. and UK.
• Revenues of USD 162 million (FY07-08)

And for numbers one can click this link.

Now get down to brass-tacks; weekly chart;

As you can see from the chart above that it has reacted from the 200 periods MA above, and now is heading back to test the 20/50 confluence (452/55) below. By the way we have a nice range here where the monthly hi/lo at 556/485.20 is also as same as the weekly hi/lo! So this 485 becomes quite significant, where, in that vicinity, a few long stops might be crouching! I would rather be keen to see on how it behaves at the confluence of weekly 20/50 MA’s (455 area) below. It is there where one might get some value buy! Anyway from traders perspective it’s buy the supports and sell the resistances, and from the investors point of view especially the medium termish view, a buy here and add some at lower levels, can be held for 700/750! Once the monthly and weekly Hi along with the 200 periods MA is taken out with volumes, this can become a good momentum play!