Cipla – Bouncing back from supports



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

Twitter –

Facebook –

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.