Cipla – Defensive Investment pick for 1 year

Quick Technical View:

-> Technically Cipla is testing the 5-6 year trendline which we expect would breakout on the upside in the future.

-> At current levels of 410 the short term breakout is at 415-420 above which can see a quick spurt to 450. ( this is the short term idea generated today )

-> Given its a pharma stock comes into low beta gives us a good risk-reward opportunity. Fundamentally things are changing as per a quick analysis.

-> Personal expectation is in the next 1-2 years the stock can go the Hindustan Unilever way ( Had been recommending from 270-330 ) . Can surprise beyond the targets mentioned.

-> A must in a large cap portfolio for long term.

Disclosure: Invested with a long term view and trading regularly only on the long side 🙂 and a personal favorite.

Nooresh Merani

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