Divis Laboratories looks attractive: Sukhani

Divis Laboratories is looking attractive, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Godrej Industries is a good long idea. It made a double bottom and this is in contrast with Reliance Infra. But it stayed there. It built a base for two months. It broke out of it and after the breakout it made a flag and its now renewing its uptrend after the flag. The chart is showing us all the right movements, not only that consolidations are ideal locations for going long or short as a case maybe and here is consolidated and moving up again. I think this stock is now moving towards new highs and every trader should be looking to buy it."
He further added, "Divis Laboratories went through a correction and now it’s making these new highs, these amazing pharmaceutical stocks like Divis or even Lupin or Dr. Reddys which is making a bullish head and shoulder and moving up. My point is that the entire pharma pack is suddenly willing to go up; they have the chart patterns that will take the stocks higher. Today Divis is at a new high and the stocks that are making new highs should be considered for short-term trading because there is much more steam and a lot of people are on the wrong side. So it’s an attractive stock for the day."