Weekly stock suggestions by Religare Broking: Buy TVS Motors, Sun Pharma

Traders shouldn't miss this buying opportunity in Sun Pharmaceutical share and should create fresh longs

Sun Pharmaceutical Industries Limited
 

Recommendation: Buy 
 

Last Close: 539.35
 

Initiation range: 535-540
 

Target: 575
 

Stop loss:520
 

Sun Pharma has witnessed a breakout from an inverted head and shoulder pattern (acting as continuous) on December 1, after spending nearly 3 months in a consolidation range. The price surge was accompanied by a noticeable rise in volume adding to the confirmation. Traders shouldn't miss this buying opportunity and create fresh longs in the given range.

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ICICI Prudential Life Insurance Company Limited
 

Recommendation: Buy
 

Last Close: 457.35

Initiation range: 455-460

Target: 500

Stop loss: 440

ICICI Prudential has been hovering in a range of