INSUBCONTINENT EXCLUSIVE:
ETMarkets.com|Updated: Aug 22, 2018, 01.40 PM ISTThe current market price of Aurobindo Pharma is Rs 662.35.Nagaraj Shetti of HDFC Securities
has a buy call on Aurobindo Pharma with a target price of Rs 720.
The current market price of Aurobindo Pharma is Rs 662.35.
Time period
given by the analyst is up to three weeks when Aurobindo Pharma price can reach the defined target
Nagaraj Shetti recommended keeping a stop loss at Rs 615.
"This Pharma stock, as per weekly timeframe chart has witnessed an excellent
upside breakout during last week
After moving into a consolidation pattern in the last couple of months, the stock price has moved above the key hurdle of Rs 635 levels in
last week and closed above it
We observe a formation of consistent higher highs, which is indicating an accumulation on the rise
One may look to buy Aurobindo Pharma at the current market price and add more on dips down to Rs 630, hold for the upside target of Rs 720
over the next 2-3 weeks," Shetti said in a report.
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ShettiCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent those
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