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Buy Asian Paints Limited
Last Close: Rs 2,914.40
Initiation range: Rs 2,900-2,910
Target: Rs 3,020
Stop loss: Rs 2,840
Rationale: Asian Paints has witnessed a fresh breakout from the pennant pattern (indicates a pause after a sharp surge) and made a new record high as well. The overall chart pattern indicates that the prevailing momentum is likely to continue. Traders shouldn’t miss the opportunity and create fresh longs in the mentioned zone.
Buy Dr. Reddy's Laboratories Limited
Last Close: Rs 5,311.20
Initiation range: Rs 5,300-5,310
Target: Rs 5,490
Stop loss: Rs 5,185
Rationale: Most pharma stocks are consolidating in a
