Stock of the day : Sun Pharmaceutical Industries Ltd For Target Rs. 1215 - Religare Broking Ltd
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Sun Pharmaceutical Industries Ltd.
* SUNPHARMA has been in steady upmove from last more than 5 months and trading near all time high levels.
* Post steady upmove, it is now consolidating in a defined range holding above its short term moving average (50 DEMA).
* Price action coupled with positive positioning of momentum indicator suggests bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Sun Pharmaceutical Industries Ltd 1145.30; Range 1140-1145 SL 1110 ; Target 1215
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SEBI Registration number is INZ000174330
