Cipla Ltd. being one of the largest pharma company has achieved leadership in this sector in India as well as in countries like US, UK and European region. The stock performance of this company attracts almost every fund manager, this is also my favorite from the pharma pack. Looking at the daily chart of CIPLA we see that the stock has been trending in upward direction, and we don’t see any barriers in this trend we are confident enough that the up trend will continue for some more years as we move on. So our advice will be to keep looking for buying opportunities in this stock as long as it stays above 315 level, initial entry can be at 320 zone. The buy targets for this stock will be at 350 and 380, as this is one of the defensive stock so targets are small. Investors must also place their protective stop loss orders below the 296 level. High risk traders can place their trades on CALL option of this stock, but remember there is always significant risk in trading the naked stock options and trader may loose entire amount invested.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
Very accurate tips, i think it goes up i will try your recommendations, thank you for tips. Traders also can get tips.