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Religare Super Ideas
Lupin Limited (LUPIN)
After retesting its crucial support zone around 722 levels, LUPIN has witnessed a sharp recovery of late and surpassed the hurdle of long term moving average ( 200 EMA) on the daily chart. Its chart pattern combined with indication from the pharma index is pointing towards stable up move ahead. We advise initiating fresh long positions as per the levels.
Buy Lupin Ltd @ 860-865 Stop Loss 840 Target 910 CMP 869.20
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