Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessStocksBuy Torrent Pharmaceuticals, target RS 2,050: Ashish Chaturmohta

    Buy Torrent Pharmaceuticals, target RS 2,050: Ashish Chaturmohta

    Price has been consolidating in a range of Rs 1820 and Rs 1720 odd levels for last few weeks and poised for breakout on the upside.

    Moneycontrol Contributor
    January 08, 2019 / 12:41 IST
    Answer: Nostrum (File imagDivis Laboratories share price performance in FY18: Up 75 percent | FY19: Up 56 percent | FY20: Up 17 percent.e)
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Ashish Chaturmohta

      Torrent Pharmaceuticals has seen major consolidation between Rs 1700 and Rs 1200 odd levels over period for more than two years. In the month of September stock witnessed breakout to touch high of Rs 1873 and then retraced back into below the breakout level. Price found support at 100-day moving average and moved above the breakout.

      Price has been consolidating in a range of Rs 1820 and Rs 1720 odd levels for last few weeks and poised for breakout on the upside. Thus, stock can be bought at current levels and on dips to Rs 1800 with stop loss below Rs 1720 for target of Rs 2000-2050 levels.

      Disclaimer: The views and investment tips expressed by investment experts 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.

      Moneycontrol Contributor
      Moneycontrol Contributor
      first published: Jan 8, 2019 12:41 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347