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AstraZeneca may touch Rs 1000: Gujral
After a huge move in AstraZeneca Pharma, there is not much juice left and if developments are adverse, people could get trapped at Rs 1,400 and find the stock at Rs 1,000, says Technical Analyst, Ashwani Gujral.
After a huge move in AstraZeneca Pharma , there is not much juice left and if developments are adverse, people could get trapped at Rs 1,400 and find the stock at Rs 1,000, says Technical Analyst, Ashwani Gujral.
Gujral told CNBC-TV18, "AstraZeneca Pharma use to be Rs 400 stock which has run-up to about Rs 1,500 and Rs 1,500 was a kind of a theoretical target which sort of has gone to about Rs 1,450-1460. It has a one day move which lead from Rs 975 to about Rs 1,400. After that kind of a move, there is not much juice left here and if developments are adverse, people could get trapped at Rs 1,400 and find the stock at Rs 1,000."
