GAIL gives good breakout; Piramal outperforms other pharma stocks: Devangvisaria.com

Devang Visaria, Chief Strategist, Devangvisaria.com in an interview to ET Now said GAIL has given a good breakout and possibly look for odd 15% upside over the medium term for GAIL. Piramal Healthcare continues to outperform the other pharma stocks and strong breakouts but already run up by almost 20% or so in this month.

What is the sense technically on Piramal Healthcare and GAIL?

We like GAIL from these levels. GAIL has given a good breakout and possibly look for odd 15% upside over the medium term for GAIL. Piramal Healthcare continues to outperform the other pharma stocks and strong breakouts but already run up by almost 20% or so in this month. So could be a bit overbought on the short term charts. So if it comes back to around 500-490 levels, becomes a good accumulation candidate.