Sell Lupin with a target of Rs 1530: Sumit Bagadia

Sumit Bagadia, associate director at Choice Broking is negative on Lupin. The expert has advised traders to sell the stock with an intraday target of Rs 1,530. Bagadia told traders to keep place a stop loss at around Rs 1,630. The stock was trading at Rs 1,581.05 at the time the analyst made the recommendation. After breaching multiple moving averages, the stock is now moving towards its 20-day moving average of Rs 1,561.31.