Target Price: Rs 1,350
Stop Loss: Rs 1,220
Since August 2023, Lupin has been trending up with the formation of ascending tops and bottoms. During the recent decline, the stock has managed to stay above the support of Rs 1,200. Stability is likely to push the stock prices higher till Rs 1,350 zone.
(Amit Trivedi, technical analyst, Institutional Equities, YES Securities)
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