29 Aug 2013 ● 10:27 AM
Sun Pharma advanced research, The stock broke out of a consolidation and rallied last year for some reason. The recent correction in the market has seen it retrace 61.8%. The rally counts up as 5 waves so I would think that at 106 the long term trend up is in tact and should give way to wave 3 up. Wave 3 would be a big move because it usually extends and some times you end up with multi baggers. So at this price this is a good pick for such a possibility against the market.