LKP Spade, Weekly Pick - Dr. Reddy's Laboratories Ltd For Target Rs.4230 - LKP Securities
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Dr. Reddy's Laboratories
* On the daily chart, piercing line candlestick pattern has formed which suggests a bullish reversal. .
* Volume has been strong as the stock attempts a bullish reversal.A positive divergence is visible on the daily RSI, indicating a bullish momentum in the near term.
* Over the near term the stock price may witness a strong recovery towards 4250 as long as it holds 3600 where the multiple lows can be seen on the daily timeframe.
Dr. Reddy's Laboratories Ltd BUY @ Rs. 3765-3775Stop Loss Below Rs. 3549 CB Target Rs. 4230 Duration 1 Week
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