Sun Pharma: Sun Pharma breakout can take stock up 20% : vima

Sun Pharma: Sun Pharma breakout can take stock up 20%


Sun Pharma breakout can take stock up 20%
The run-up in the stock price along with volume suggest a rally in the offing, said technical analysts.
Synopsis
Sun shares have risen 11.8 per cent in less than a month. The stock is well placed above its 20, 50, 100- and 200-day moving averages, suggesting a bullish trend. The run-up in the stock price along with volume suggest a rally in the offing, said technical analysts.
Mumbai: Sun Pharmaceuticals may be on the verge of a technical breakout that could drive the stock up by another 20 per cent in the near-term. With investors favouring defensives, such as technology and pharma, these days in the wake of the resurgent coronavirus, analysts expect the stock to cross a crucial hurdle of Rs 653. The stock, which attempted to cross this level on Tuesday, ended at Rs 643, up 0.4 per cent.

Related Keywords

Mumbai , Maharashtra , India , , Sun Pharmaceuticals , Sun Pharma , Sun , Stock , Co Vid , Axis Securities , Analysts , மும்பை , மகாராஷ்டிரா , இந்தியா , சூரியன் மருந்துகள் , சூரியன் பார்மா , சூரியன் , ஸ்டாக் , இணை வித் , அச்சு பத்திரங்கள் , ஆய்வாளர்கள் ,

© 2025 Vimarsana