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Buy Dr. Reddy's Laboratories Limited
Last Close: Rs 2,815.70
Initiation range: Rs 2,790-2,800
Target: Rs 2,960
Stop loss: Rs 2,710
DRREDDY has been consolidating in a range while holding firmly above the support zone of moving averages ribbon (50, 100 and 200 EMA) on the multiple time frames. Indications are now in the favor of breakout ahead. We advise initiating fresh longs in the given range.
Buy The Ramco Cements Limited
Last Close: Rs 791.05
Initiation range: Rs 775-785
Target: Rs 840
Stop loss: Rs 760
RAMCOCEM has formed a cup and handle pattern (which generally act as a continuous pattern)
