The Pharma Sector is interestingly placed with some stocks like Sun Pharma and Cipla near the lows of last couple of years and some other names nearing the highs of last couple of years.
Can be a breakout trade in some with quick upsides of 10-15%
Please do your own research and risk management
STAR – Triangle breakout today. Can it breakout above the 500-520 resistance and change the long term trend.
Aurobindo Pharma – On verge of a short term breakout above 810-820. Its not far from its all time highs at 890. Can be a massive move if it breaks out.
Dr Reddys – Breaks recent highs above 2660-2680 and on verge of a 1-2 year breakout. Can it head to 3000-3300.
Lupin – A triangle breakout done. Can it head up to 950 ? And break that in the future.
Disclosure – Have recommendations in some of the stocks.
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