Aug 23, 2018

Strides Pharma - Short Term Trading - Indian Stock Markets l Indian Pharma Stocks

Strides Pharma – 480
As we posted our views in our last post about the stock price moves effected due to currency depreciation as well as technical reasons of being defensive relating to IT and pharma. IT story was more about valuations and while the pharma was lagging behind. It has also started performing after continuous declines of many quarters. It has not started showing expected profits but the technical + news factor set up are clearly in favour and stocks ready to go up for the short term till the front line core economy stocks remain languish due to many domestic and global reasons; just because something has to go up as well when markets are hitting new highs, apart from 5 stocks!
So Strides Pharma net profit declined, still it is a good buy for short term trading purpose as it is showing bottoming out formation.
We think it can go above 600 and traders can use futures and options segment as well to trade it.
Lupin recommendation given just before a day is already in profits of 35% in call option segment.

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