Stock of the day : Aurobindo Pharma Ltd For Target Rs. 1150 - Religare Broking
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Aurobindo Pharma Ltd
* We are seeing decent traction in the Pharma space and AUROPHARMA is offering a fresh buying opportunity.
* It has ended its long corrective phase, after registering a breakout from the bullish price pattern with noticeable volumes.
* Following price action and buoyancy in the pharma space suggests price is set to test its previous swing high.
* We thus recommend creating fresh longs in the mentioned range.
Buy Aurobindo Pharma Ltd CMP 1088.75 Range 1086-1090 SL 1058; Target 1150
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