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Sun Pharmaceutical Industries Ltd

* SUNPHARMA has swiftly rebounded of late after testing its support zone of long term moving averages on the daily chart.

* It has attempted to cross the immediate hurdle of medium term moving average (100 EMA), adding to the positivity.

* The chart pattern combined with the rise in volumes is pointing towards a steady up move.

* We thus suggest initiating fresh longs as per the given levels.

Buy Sun Pharmaceutical Industries Ltd BUY CMP 977.65; Range 970-975 SL958; Taget 1010

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