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Target: Rs 4,750
Stop Loss: Rs 4,300
Stop Loss: Rs 4,300
The pharma stock is on the verge of a breakout near the current levels. RSI and MACD momentum indicators have been turning upside, indicating positive action coming in the short to medium term basis. Given the continuous price action, the stock could lead prices towards Rs4,750 levels as far as Rs4,300 stay intact as support levels.
(Ravi Gangan, Technical Trader, Mehta Equities)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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