 "The stock of Reliance Industries witnessed a breakout on January 19 | Photo: Shutterstock")
Lupin Limited
Recommendation: Buy
Last Close: 1,089.20
Initiation range: 1,070-1,080
Target: 1,160
Stop loss:1,030
We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors. It has witnessed a decent recovery in the last two months after forming a strong base on the weekly chart around the 880 zone. It's currently trading around the previous swing high and is likely to surpass this hurdle soon. Traders can create fresh longs in the given range.
Reliance Industries Limited
Recommendation: Buy
Last Close: 2,016.40
Initiation range: 2,000-2,010
Target: 2,190
Stop loss: 1,910
Reliance
