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Last Updated : Jan 12, 2018 02:56 PM IST | Source: CNBC-TV18

Hold GlaxoSmithKline Pharmaceuticals: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that one may hold GlaxoSmithKline Pharmaceuticals.

CNBC TV18 @moneycontrolcom

Prakash Gaba of prakashgaba.com told CNBC-TV18, "GlaxoSmithKline Pharmaceuticals is a low volume stock, no doubt about it but the basic structure when I look at it is still positive. We saw some correction and the correction has got over and the up move has started and it has given a buy signal on a higher timeframe."

"I think it is up maybe it will go to Rs 7,500-8,000 who knows where it goes. But certainly it is not looking weak it is a hold," he added.

At 14:53 hrs GlaxoSmithKline Pharmaceuticals was quoting at Rs 2,468.75, down Rs 9.15, or 0.37 percent.
First Published on Jan 12, 2018 02:55 pm