In recent weeks we have seen buying in Pharma stocks. While Biocon,Wock hit new 52 week high some stocks are worth buying at these levels. On daily charts Sunpharma is making higher lows for some weeks. Also it has made a Symmetrical triangle pattern on the chart. I positively think it should break upward. Watch for levels. If it closes above 550,I think it will be a breakout . Its a good time to accumulate the stock for long term with a stop below 516 on closing basis.
Trade active:
Up 2.5%.. 575 by this week..
Trade active:
Up 3%....
Trade active:
Tgt 575 achieved..
Comment:
OMG.. 600...