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Whats your Take on Cipla

Discussion in 'Technical Analysis' started by Suresh_Sinha, Aug 16, 2016.

  1. Suresh_Sinha

    Suresh_Sinha Active Member

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    Shabbir, Had your whatsapp message about Pharma companies and whats your view on Cipla now after the results and upbeat management commentary
     
    Suresh_Sinha, Aug 16, 2016
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  2. shabbir

    shabbir Administrator Staff Member

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    It is quite a good stock technically and rock solid support at around 460 and good support of 500 being formed as well and now has given a good breakout.

    Cipla.png

    Fundamentally the company has come up with good results and management commentary was also quite positive. Should be bought in dips for investment and can be bought above 540 breakout for trading as well.

    Charts by tradingview
     
    Last edited: Aug 16, 2016
    shabbir, Aug 16, 2016
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  3. Suresh_Sinha

    Suresh_Sinha Active Member

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    Thanks for your views Shabbir and as always it is really helpful.
     
    Suresh_Sinha, Aug 16, 2016
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