TRACKING TECHNICALS - MTT BUY CALL ON SUN PHARMA LTD
SCRIP NAME : SUN PHARMACEUTICAL INDS SECTOR : PHARMACEUTICALS Date : 11th SEPTEMBER , 2012
CURRENT TREND : BULLISH Time Horizon : 0 - 3 Months
Buy in the Range of Rs.660-690 Stop loss :Rs.625 (ON CLOSING BASIS )
TARGET: Rs.770
SUN PHARMA LTD Rs. 691 : The stock has made an all time high of Rs.693.85 and now SUN PHARMA holding above 690 levels could target Rs.770 in the medium term. The stock is trading above its major moving averages with the 200DMA at 581 ,100DMA at 620 and 50DMA at 650 .The stock is witnessing buying interest at higher levels which suggests strength. Therefore we recommend buying SUNPHARMA on dips and accumulate the stock for the medium term.
No comments:
Post a Comment