Buy Aurobindo Pharma for target of Rs 1100: Religare

MUMBAI: Birendrakumar Singh, technical analyst, Religare Securities is of the view that Aurobindo Pharma on the daily chart has given a breakout of the “Triangle” pattern. He expects the stock to touch target of Rs 1100.

“Aurobindo Pharma on the daily chart has given a breakout of the “Triangle” pattern. The volume at the time of breakout was comparatively higher. Immediate target is placed at Rs 1100. Maintain a stop-loss of Rs 1050 levels,” Singh said.

Note: The call is valid for 3-5 trading sessions.