Cipla Technical View :
-> This stock has been one tricky one. At 440 it gives a false breakout and at 380 a false breakdown.
-> For now the stock is about to cross a strong trendline above 410. If that is crossed one can be looking at a quick move to 430-440 in short term.
-> Overall have been pretty bullish on the company for long term but the stock has been a laggard for last 3-6 months. But continue to believe the long term looks pretty exciting.
-> Investors can continue to hold and add. Short term trades can buy with a stoploss of 390.
Thanks and Regards,
Nooresh Merani
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