Sun Pharma likely to trade in a range of Rs 750-810: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his view on Sun Pharma.

ET Now: A very quick view on Sun Pharma though, a very sharp drop the previous week and equally strong bounce back, is there a trade here?

Mitesh Thacker: Not sure, I think Sun Pharma is the best pharma stock to trade plus what it has done is that it has made an important low around Rs 705 and come back to about Rs 803-805 level which were the breakdown levels sometime in November. It will be very difficult for the stock to get pass those levels and till Rs 810 has been crossed. I would not be aggressive on the long side of trade and it looks like Rs 750 to Rs 805-810 is a new range which has just evolved.