Stock of the day : Buy Lupin Ltd For Target Rs.795 - Religare Broking
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Stock of the day
* We are seeing mixed trend in the pharma space and LUPIN looks set to resume the recovery phase.
* It has formed a fresh buying pivot while holding firmly above the support zone of short term moving average i.e. 20 EMA on the daily chart.
* It might face marginal hurdle at 785 and then we expect to inch gradually towards 830 levels.
* We thus recommend creating fresh longs in the mentioned zone.
Buy LUPIN Ltd CMP: 767.15 Range: 760-765 SL: 749 Target: 795
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