The stock of Lupin has been in a steady uptrend since November last year. It established a fresh rally back then with the help of the support at ₹1,900. The uptrend is still valid despite the recent correction in price. From the current level of ₹2,322, there could be a moderation in price, possibly to ₹2,270. But eventually, we expect the stock to begin a fresh leg of uptrend, which can take the price to ₹2,500.

Video Credit: Businessline

Therefore, participants can buy the stock of Lupin now at ₹2,322 and accumulate if the price dips to ₹2,270. Place stop-loss at ₹2,200. When the stock rises to ₹2,420, revise the stop-loss to ₹2,350. Tighten the stop-loss further to ₹2,400 when the price touches ₹2,475. Book profits at ₹2,500.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on March 23, 2026