Stock of the day : BUY DRREDDY Ltd 5700 CE For Target Rs.130 - Religare Broking
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DRREDDY Ltd
* We are witnessing decent traction in Pharma pack and Dr Reddy is excepted to witness catch rally.
* It has witnessed a breakout from descending channel which continued for more than three months.
* The chart pattern combined with uptick in volumes indicates the prevailing trend to continue.
* We thus recommend creating fresh longs in the mentioned range.
BUY DRREDDY Ltd 5700 CE CMP 62.40; Range* 60-63; SL 24; Target 130
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SEBI Registration number is INZ000174330
