With the markets breaking down it is always a good idea to look at the stocks which have held up. Pharma as a sector has been outperforming in this downturn and now we have a stock Lupin from that sector which is breaking out.

LUPIN

The stock had been consolidating for the whole of July while the broader markets were under pressure. It is now breaking out from a consolidation pattern and if the stock closes above 800 we are looking at levels of 880 pretty quickly. In any case the stock is in a short term uptrend and worth adding in your portfolio in these times of uncertainty.