Dr. Reddy's Laboratories
Recommendation: Buy
Last Close: Rs 2,676.50
Initiation range: Rs 2,650-2,660
Target: Rs 2,750
Stop loss: Rs 2,610
The stock has been consolidating within a range for last two months or so while hovering around the support zone of moving averages ribbon on multiple time frames. Indications are now in the favour of a breakout in the near future. We advise initiating fresh longs as per the given levels.
Titan Company
Recommendation: Buy
Last Close: Rs 1,114.75
Initiation range: Rs 1,100-1,110
Target: Rs 1,170
Stop loss: Rs 1,075
It has witnessed sharp decline from its record high and is currently trading around the support zone of 200 EMA