Buy Dr Reddys Laboratories: Sukhani

Sudarshan Sukhani of s2analytics.com is of the opinion that one can buy Dr Reddys Laboratories. For a very short-term trader, we could be looking at Rs 1950 and once the stock starts picking up momentum it could go anywhere.
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Jan 09, 2013, 10.44 AM | Source: CNBC-TV18

Buy Dr Reddys Laboratories: Sukhani

Sudarshan Sukhani of s2analytics.com is of the opinion that one can buy Dr Reddys Laboratories. For a very short-term trader, we could be looking at Rs 1950 and once the stock starts picking up momentum it could go anywhere.

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Buy Dr Reddys Laboratories: Sukhani

Sudarshan Sukhani of s2analytics.com is of the opinion that one can buy Dr Reddys Laboratories. For a very short-term trader, we could be looking at Rs 1950 and once the stock starts picking up momentum it could go anywhere.

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Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

Sudarshan Sukhani of s2analytics.com is of the opinion that one can buy Dr Reddys Laboratories .

Sukhani told CNBC-TV18, "Dr Reddys Laboratories is making these new highs again. Pharma companies are on a roll, they just don’t stop. I think there is more upside here. For a very short-term trader, we could be looking at Rs 1950 and once the stock starts picking up momentum it could go anywhere. We should be buying it."

He further added, " Reliance Infrastructure had a V shaped recovery, so V shaped recoveries are normally suspect but this one has been consistent in the sense that we have seen follow-through. So the V shape did not simple collapse at any point of time."

"There was a rally then a consolidation that lasted for a month and a renewed rally. An immediate target for this could be Rs 600. At or around Rs 600 I would become very careful but for the current price there is a trade on the long side. This is primarily a day trade and a short-term trade but it is very much there."

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Buy Dr Reddys Laboratories: Sukhani

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