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Published on 11/02/2019 5:02:34 PM | Source: Choice Broking Pvt Ltd

Buy Sun Pharma Advanced Research Ltd For Target Rs.168 - Choice Broking

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* On a daily chart, the stock has given a breakout of its falling trend line which suggests a robust upside movement in the counter.

* Moreover, a sudden spurt in the volume has been witnessed during trading session which indicates an accentuate buying in the counter.

* On an hourly chart, the stock has started to trade above its 50 Hourly Exponential Moving Average which shows a positive move in the counter.

* A daily momentum indicator RSI reading is at 36.60 level with a positive crossover which points out for a positive breath in the stock.

* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.

 

Recommendation

Buy Sun Pharma Advanced Research Ltd @ 152.00 Stop Loss 144.00 Target 168.00

 

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