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2 Feb 202104:59 AM

All pharma stocks have different wave counts. Lupin is making higher highs and lows medium term. Even after it broke the 20dma, the 61.8% retracement is at 965. The low of 978 made yesterday could be wave II of III as it overlapped with the December high which was a leading diagonal. So the deeper correction does not change the medium-term trend here. III=I from yesterday's low measures to 1251. 

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