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NISM Certified Research Analyst & Mutual Fund Distributor.

Tuesday 27 September 2016

SMS Pharma

The counter after forming a base around 85 levels commenced its uptrend. It found resistance around 110 levels and gave correction phase. During today's session it formed a strong bullish candle on a daily chart and gave powerful close above 100 levels. The decent surge in volumes during recent past combined with other technical indicators it seems that bulls are all charged up to challenge 110 levels. Aggressive traders can bet on the counter for short term perspective for the TGT of 120-125 with SL of 96.


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