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.
Volume expanded during last weeks upside breakout, and weekly 14 period RSI is showing positive indication.
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.Read this article inHindiBuy Divi's Laboratories, target Rs 1,225: Nagaraj ShettiBuy Engineers India, target Rs 230: Nagaraj ShettiBuy Manappuram Finance, target Rs 127: Nagaraj ShettiBuy Havells India, target Rs 610: Nagaraj ShettiCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com ETMarkets.com.
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