Dr Reddy has given a huge weekly breakout from Inverted head and shoulders pattern.
This stock is a blind buy for investment considering the pharma rally expected for next few years. Add on dips is the best way to accumulate such investment stock.
The company has one of the best fundamentals as of date. Stock is available at PE of 20 and PEG of 0.52. the return ratios are above 20%.
This stock has to be part of your portfolio if you prefer investing in large cap stocks.
I had seen such pattern in Tata motors when the stock was trading around 440 few months back and now stock has almost doubled from that price.
We can expect similar move in this stock but at a slower rate.
This stock is a blind buy for investment considering the pharma rally expected for next few years. Add on dips is the best way to accumulate such investment stock.
The company has one of the best fundamentals as of date. Stock is available at PE of 20 and PEG of 0.52. the return ratios are above 20%.
This stock has to be part of your portfolio if you prefer investing in large cap stocks.
I had seen such pattern in Tata motors when the stock was trading around 440 few months back and now stock has almost doubled from that price.
We can expect similar move in this stock but at a slower rate.