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Elder Pharma has support at Rs 360

Published on Thu, Apr 19, 2007 at 12:46 |  Source : Moneycontrol.com

Updated at Thu, Apr 19, 2007 at 14:48  

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Prakash Gaba, Technical Analyst, .

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Technical Analyst, Prakash Gaba is of the view that Elder Pharma has support at Rs 360.

Gaba told CNBC-TV18, "Elder Pharma is trading at all time high, Rs 420, I would say that these are the regions where it looks tired but it is trading at all time high, there is no sign of weakness but tiredness is there. I would look for a first sign of confirmation and the first sign of confirmation will come when it starts trade above Rs 420. If that happens then maybe all time high will be taken up and go further up. Rs 360 has been a very strong support."

  

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