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Published on 22/05/2020 11:44:54 AM | Source: Motilal Oswal Financial Securities Ltd

Buy Lupin Ltd For Target Rs. 920 - Motilal Oswal

Posted in Broking Firm Views - Short Term Report| #Lupin Ltd #Pharma Sector #Trading Report #Motilal Oswal Financial Services Ltd

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Technical Trading Idea

* The stock gave a major consolidation breakout on daily scale and respecting to its rising trend line. Major trend of the stock is positive and recent consolidation breakout with buying interest in entire sector could keep the positive momentum for next coming sessions. The momentum oscillator RSI is placed positively on both daily and weekly scale, indicating strength in the counter.

* Thus, we maintain our positive stance on the stock and advise traders to hold long positions for an up move towards 920 levels with trailing stop-loss of 860.

Buy Lupin Ltd 2-3 Days CMP 886 Target 920 SL 860

 

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