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Sun Pharma

Discussion in 'Technical Analysis' started by gunwalvikram, Aug 11, 2017.

  1. gunwalvikram

    gunwalvikram Member

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    Hi Shabbir Sir,

    I am having 225 shares of Sun Pharma @ 620. The share is presently trading at 450. I can hold the share for 3-5 years. I am expecting further fall in the stock up to 400 due to the expected bad quarterly performance of the company. I am requesting your view regarding average out at Current Market Price or on expected further fall.

    Vikram
     
    gunwalvikram, Aug 11, 2017
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  2. shabbir

    shabbir Administrator Staff Member

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    The averaging should be done and when you see a bottom being formed on technical ground. I still see pain in Sun pharma but other pharma stocks are showing signs of bottoming out.
     
    shabbir, Aug 11, 2017
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  3. gunwalvikram

    gunwalvikram Member

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    Sir, should I consider that fundamentally the company is good and worth investing for a horizon of 3-5 years. And average out with small quantities at each dip is also advisable.
     
    gunwalvikram, Aug 11, 2017
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