Buy Lupin with a target of Rs 1,225, says HDFC Securities

Lupin has corrected over 50% from its all-time high of Rs 2,129 registered in October 2015

 

Top trading ideas by technical analyst (PCG desk) at HDFC securities:

Buy Dr Lal Path Lab between Rs 864-840

CMP: Rs 864

Stop loss : Rs 830

Target: Rs 925

The stock  has  seen  healthy  correction of 40% from its all-time high of Rs 1260 registered  in  November  2016.  In the current month, stock formed bullish double  bottom  formation  at Rs 760 levels. The same level was last seen in June 2016. Oscillators on the weekly and monthly charts have exited the oversold zone. Short-term  moving  averages have  started  moving up, indicating bullish trend reversal. 

Considering the technical evidences discussed above, we