Sell Orchid Chemicals

Orchid Chemicals 302.800.45 (0.15%)

Pharma stocks have given decent return in this run up. However, most of them look expensive at this point. Technically, stocks like Orchid chemicals, Wockhardt and Biocon look strong on the chart. However, it is prudent to exercise caution and sell part of your holdings in these stocks. Long term investors can however continue to hold their positions in Biocon.