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Technical Positional Pick - Buy Lincoln Pharmaceuticals Ltd For Target Rs. 460 - HDFC Securities 

TECHNICAL OBSERVATIONS

* Stock price has broken out from the downward slopping trendline adjoining the highs of 23-July and 10-August 2021.

* Short term trend of the stock is positive where it is trading above its 5 and 20 and 50 day EMA.

* Oscillators like RSI and MFI is placed above 60 and in rising more, Indicating strength in current uptrend of the stock.

* Plus DI is trading above Minus DI, while ADX line is placed above 20 and slopping upwards, Indicating momentum in the current uptrend.

* Considering the Technical evidences discussed above, we recommend buying LINCOLN PHARMA at CMP of 367.1 and average at 338, for the upside targets of 415 and 460, keeping a stop-loss at 325.

Buy Lincoln Pharmaceuticals Ltd Up to 1-3 Months @ Average level 338 CMP 367.1 TGT 460 SL 325

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