Vivimed Labs looks attractive: CK Narayan

In an interview with ET Now, CK Narayan, President Treasury, Sharyans Resources, talks about Vivimed labs.

On the charts do you see any kind of strength in Vivimed Labs?

Yes most certainly we do see some strength in Vivimed Labs. It has had a very nice run. A very strong run in which each of the pullbacks was to the level of supports shown by moving averages and it has been fairly consistent in trying to maintain the strength that it has managed to build. During this let say the recent fall it had a little larger reaction but then that fall was also exactly down to the level of the 200 dma. So this share is doing all the or it is making all sorts of right noises for the moment which would qualify it as a decent share for at least for medium term investment. I think every dip should be used to buy the stock.