CIPLA looks good to short near 540 for a target of 535/528/514/505. SL 550 on closing basis.
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Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.
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Met first target of 535 next day.
Trade closed: target reached
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Stock made a low of 516. Hits first 2 targets. Almost hit third target 514; slipped by 2 points.