Published on 17/03/2017 11:43:38 AM | Source: Reliance Securities Ltd

Buy Lupin Ltd For Target Rs.1,520.00 - Reliance Sec

Posted in Broking Firm Views - Short Term Report | #Lupin Ltd #Pharma Sector #Trading Report #Reliance Securities Ltd


*The stock has made a strong bottom in the last few weeks at sub 1400 with strong volumes and positive price action in the last few days.

* The key technical indicators and RSI has also reversed turning upwards and as the stock is in poised for a breakout from current levels.

*The stock has closed near its short term averages confirming the uptrend and the recent swing high of 1550 could be tested in the next few weeks.

* Thus, for today’s trade, long position can be initiated for target of Rs 1520 with a stop loss of Rs 1415.

 

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