Stock of the day : Dr. Reddy's Laboratories Ltd For Target Rs. 130 - Religare Broking
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Dr. Reddy's Laboratories Ltd
* DRREDDY has been in a steady uptrend from last more than 3 months and currently price oscillating near record high levels.
* It witnessed a renewed buying interest after registering a breakout from multi month corrective phase.
* Following price action and bullish positioning of the momentum indicator suggests price to resume its prior trend.
* We thus recommend creating longs through the Call option.
BUY 6400 CE??????? Dr. Reddy's Laboratories Ltd CMP 70.15 Range 65-70 SL 30; Target 130
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SEBI Registration number is INZ000174330
