Top stock picks by Religare Broking: Buy Dabur, sell Sept Futures for DLF

Here are the weekly stock recommendations by Religare Broking

Aurobindo Pharma Limited
 

Recommendation: Buy 
 

Last Close: Rs 605.05
 

Initiation range: Rs 598-602
 

Target: Rs 630
 

Stop loss: Rs 585
 

The stock has been hovering in a range for the last three weeks, after retesting its monthly support zone around Rs 540 levels. All indications are pointing towards possibility of a breakout in the near future. The chart pattern and confirmation indicators are also pointing towards fresh surge ahead. We advise accumulating in the given range.
 

Dabur India Limited
 

Recommendation: Buy
 

Last Close: Rs 443.05
 

Initiation range: Rs 435-438
 

Target: Rs 462
 

Stop loss: Rs 423
 

We’re seeing a mixed