Stock of the day : Dr. Reddy`s Laboratories Ltd For Target Rs. 350 - Religare Broking
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Dr. Reddy's Laboratories Ltd
* Pharma index trading at record highs and DRREDDY is expected to witness a catch up move.
* It has recorded a breakout from bullish cup and handle pattern with noticeable volumes.
* Following price action and Buoyancy in pharma space suggests bullish tone to continue and reclaim its previous swing high.
* We thus recommend creating longs through the Call option.
BUY 5800 CE Dr. Reddy's Laboratories Ltd CMP 240.05; Range 238-242; SL 190; Target 350
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SEBI Registration number is INZ000174330
