It seems Biocon has completed its consolidation. Nifty Pharma has also started moving up. It has formed good base in 400-380 zone.
Buy Logic listed on chart
Entry: 447
Stoploss: 415 (on closing basis)
Target: 580 (risk reward => 1: 4 )
Timeframe: 4-6 months
Note: It can spend some more time in 440-480 zone....Conservative investors can wait for a breakout above all time high.
Buy Logic listed on chart
Entry: 447
Stoploss: 415 (on closing basis)
Target: 580 (risk reward => 1: 4 )
Timeframe: 4-6 months
Note: It can spend some more time in 440-480 zone....Conservative investors can wait for a breakout above all time high.
Comment:
First milestone of all time HIGH got achieved.
