Sunpharma is in a long term bullish trend and we had covered the same in our previous analysis showing the way how a chart speaks for itself.
However remember that it is good to buy a good stock but it needs to be bought at a correct price. As of now it is trading at 28 times of its forward earnings and more or less the price of the stock is reflecting the stock.
Thus keep this stock under watch and buy it as and when it is available at some reasonable price in a market crash as buying a good stock at a reasonable price is to become another Rakesh Jhunjhunwala. Do not forget to check our sure tip of the day for intraday trading.
