CIPLA is in a very small uptrend.
And on Friday it has given a small breakout and closed at Rs. 407.35 /-. As we
always mention that all the breakouts are worth giving a try to trade. As market
is trading on the highest level and in the upper band of the prices, we have to
take proper care of the long position and keep a strict Stop Loss. One can
initiate
a long position in CIPLA for the targets of Rs. 416 /- and Rs. 422 /-.
A strict Stop Loss on closing basis must be maintained at Rs. 398 /-
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