Buy Wockhardt for Rs 362 target: Nimbus Wealth Management
It looks a very good buy above Rs 345 for a target of Rs 362 and a stop loss of Rs 338.
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| In a chat with ET Now, Rohit Shinde, Head Technical Research, Nimbus Wealth Management, shares his views on the outlook of Wockhardt.
What are your thoughts on Wockhardt?
The markets are in a situation where it can trade in 6050-6180 levels. The next resistance for the market will be around 6180 levels. With the pharma and healthcare stocks, I would try to be little bit defensive. I have recommended Wockhardt Pharma. It looks a very good buy above Rs 345 for a target of Rs 362 and a stop loss of Rs 338.
What are your thoughts on Wockhardt?
The markets are in a situation where it can trade in 6050-6180 levels. The next resistance for the market will be around 6180 levels. With the pharma and healthcare stocks, I would try to be little bit defensive. I have recommended Wockhardt Pharma. It looks a very good buy above Rs 345 for a target of Rs 362 and a stop loss of Rs 338.
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