Buy Suven Life Sciences, target Rs 287: Jay Thakkar
Buy Suven Life Sciences at a price target of Rs 287 and a stop loss at Rs 228.
By ETMarkets.com |
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Jay Thakkar of Anand Rathi has a buy call on Suven Life Sciences with a target price of Rs 287.
The current market price of Suven Life Sciences is Rs 245.50.
Time period given by the analyst is two weeks when Suven Life Sciences price can reach the defined target.
Jay Thakkar recommended keeping a stop loss at Rs 228.
"The stock has provided a breakout from the inverse head and shoulders pattern which is a bullish reversal pattern. The momentum indicator MACD has also provided a buy crossover on the daily as well as weekly charts," Thakkar said.
Suven Life Sciences, incorporated in the year 1989, is a midcap company (having a market cap of Rs 3,124.78 crore) operating in the Pharmaceuticals and health care sector.
The current market price of Suven Life Sciences is Rs 245.50.
Time period given by the analyst is two weeks when Suven Life Sciences price can reach the defined target.
Jay Thakkar recommended keeping a stop loss at Rs 228.
"The stock has provided a breakout from the inverse head and shoulders pattern which is a bullish reversal pattern. The momentum indicator MACD has also provided a buy crossover on the daily as well as weekly charts," Thakkar said.
Suven Life Sciences, incorporated in the year 1989, is a midcap company (having a market cap of Rs 3,124.78 crore) operating in the Pharmaceuticals and health care sector.
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