Sun Pharma, Dr. Reddy's to resume uptrend: Technical Trends
Most of the pharma stocks have begun their intermediate downtrend except Sun Pharma and Dr. Reddy which have continued to be in their bull markets.
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| What is the call on pharma?
Sudarshan Sukhani: Most of the pharma stocks have begun their intermediate downtrend except the 2 big major Sun Pharma and Dr. Reddy have continued to be in their bull markets, what we saw was a pullback. We must remember that they had run up a lot. So the market is recognising.
The chances are that for both Sun Pharma and Dr. Reddy, the pullbacks are over and they will resume that uptrends. The market is now differentiating between good pharma and underperforming pharma.
Sudarshan Sukhani: Most of the pharma stocks have begun their intermediate downtrend except the 2 big major Sun Pharma and Dr. Reddy have continued to be in their bull markets, what we saw was a pullback. We must remember that they had run up a lot. So the market is recognising.
The chances are that for both Sun Pharma and Dr. Reddy, the pullbacks are over and they will resume that uptrends. The market is now differentiating between good pharma and underperforming pharma.
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