Aditya Birla Nuvo and Cipla – Fresh Breakouts

 

Aditya Birla Nuvo -

 

This has been a long term favorite which has not done enough but given that your downsides are limited with this holding company its done well.

 

Its on verge of a short term breakout above 1450-1460 can expect a move to 1800 in medium term.

 

Disclosure: Recommended at 1430-1435 for short term as well as have a long term call on it and exposure.

 

 

Cipla – This has gone into all time highs after making a 2-3 failed attempts in the past.

 

After a good consolidation the stock has given a breakout. Buy at current levels and add on dips with a target price of 550-600 in medium term.

 

 

Please note the above stocks can be really boring in terms of momentum. Meant only for people with patience and lower expectations or using leverage 😉

 

Also would recommend the above stocks fundamentally with a view of 1-3-5 years. Think the stocks can be excellent low risk high reward bets.

 

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