As we have recently seen the performance of Pharma and IT Sector whatever the reason behind this rally, Chart already predicted that run..!!
On longer time frame I see a very good opportunity for a investment in Pharma Sector and my favourite pick is “AUROBINDO PHARMA”
Below is the Weekly Chart of Aurobindo Pharma for your reference.
Since 2013 Price is in a very steep uptrend. Price went into consolidation for almost 3 years (Dec 2015 till Sept 2018).. Breakout happened recently and respected with volume. I’m Expecting a good rally to continue.. will be good to enter this stock on dips..!!
Please do your analysis before investing into equities.
I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.