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Arvind Remedies Share Price - Invest Today !

The pharmaceuticals sector is generally an evergreen sector and with new investments in public health, it is but expected that there shall be even more growth for healthcare facilities and pharma.

Arvind Remedies Ltd traded both on the NSE and the BSE is one stock which should be picked up now for medium term. Price Earnings ration is currently at 4.42 which is far away from the industry PE of 30.62, leaving a lot of room for growth. Apart from this, the company has seen steady growth in profits for the last five years. Sales have seen similar impetus with figures of 911.11 Cr in Mar 2014. 

A consistent dividend paying stock, Arvind is a good pick for the months to come. A peek into its technical charts will reveal why we insist that this is the right time to get in.

The chart above shows Wolfe Wave patterns for Arvind Remedies and as we can see that it has just bounced off the major support level at around 39. Going upwards, we do not see any resistance till we reach 64. That could be a turning point, but once overcome, prices could even move upto 100.

Here we see monthly Camarilla levels for the stock plotted on the chart. Levels are approximately the same as Wolfe waves depicted. Even here, we notice that above 69, which is the H5 level for October 2014, prices will end up in a bullish breakout zone.

With strong fundamentals and technical signals as well, we believe that this is a good opportunity for investors to dive in. Share your views about Arvind Remedies with us - leave in a few comments and let the discussion roll !

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This post first appeared on MoneyPlanters, please read the originial post: here

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Arvind Remedies Share Price - Invest Today !


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