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Buy Sun Pharma, Tata Coffee: Systematix Shares

Systematix Shares is bullish on Sun Pharmaceutical Industries, Tata Coffee and has recommended to buy both the stocks for target price of Rs 619 and Rs 1059 respectively, in its research report dated January 09, 2014.

January 09, 2014 / 17:48 IST
     
     
    26 Aug, 2025 12:21
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    Systematix Shares' research report

    Sun Pharmaceutical Industries

    Sun Pharma is currently trading above important support level of 585 It also managed to close above upper Bollinger band. The volumes are higher since last 5 days indicating good accumulation after break‐out. RSI above 60 level indicate rising momentum in the counter. Traders can buy at or above Rs 600 for a target of Rs 619 with a stop loss of Rs 589.

    Tata Coffee

    Tata Coffee gave a breakout from Inverse Head Shoulder pattern with a rise in volumes. .price also closed above upper Bollinger band indicating higher volatility in the next few days. RSI is also exhibiting a positive crossover.The stock is expected to continue its upswing. Traders can Buy at or above Rs 1025 with a stop‐loss of Rs 1005 for a target of Rs 1059.

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Jan 9, 2014 05:48 pm

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