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Lupin, Reliance Industries: Stock picks by Ajit Mishra of Religare Broking

We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors

The stock of Reliance Industries witnessed a breakout on January 19 | Photo: Shutterstock
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The stock of Reliance Industries witnessed a breakout on January 19 | Photo: Shutterstock

Ajit Mishra Mumbai
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

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First Published: Jan 20 2021 | 7:37 AM IST

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