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Tuesday, January 14, 2025 | 06:51 PM ISTEN Hindi

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Mehul Kothari recommends Biocon, Aurobindo Pharma for trading gains

According to the technical analyst from Anand Rathi, Aurobindo Pharma can rally to Rs 490; while Biocon can jump to Rs 295.

Pharmacy
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Mehul Kothari Mumbai
BUY
Aurobindo Pharma
Buy Near: Rs 445
Target: Rs 490
Stop Loss: Rs 430

Aurobindo Pharma has found support at the placement of 200 bars moving average and that too on a monthly scale. This means 200 months average and that can be a huge support. Thus, we advise traders to buy the stock on dips near Rs 445 with a strict stop of Rs 430.

BUY
Biocon
Buy Near: Rs 270
Target: Rs 295
Stop Loss: Rs 257

We are witnessing a double bottom formation near Rs 257. In addition there is a bullish hammer kind of formation on the daily scale. Thus, we advise traders to buy the stock

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