Written on 15 March 2013 by Pankaj Priyadarshi
the-name-is-bond-inflation-indexed-bondBenjamin Franklin once said that the only things certain in life are death and taxes. While taxes may not be true for many people, death is. After...
Total Hits340
Written on 01 March 2013 by Pankaj Priyadarshi
tax-implication-on-bonus-shares-and-stock-splitCompanies pay dividends to share the earnings. They do it in two ways, either as bonus share (also known as stock dividend) or cash dividend. In case of...
Total Hits563
Written on 21 February 2013 by Pankaj Priyadarshi
income-tax-planning-for-2013The season is back, like every year, and the hunt for the best tax saving scheme as well as the best investment has begun. There are some things in life...
Total Hits512
Cipla Technical Analysis Print E-mail
Written by Bimlesh Singh   
Friday, 20 January 2012 00:00

Cipla Limited is a leading pharmaceutical company, best-known outside India for manufacturing low-cost anti-AIDS drugs for HIV-positive patients in developing countries. Pharmaceutical sector has been traditionally a defensive sector which suits investors in times of utter confusion. We don’t really know where the market is headed for the time being so it’s a wise decision to consider including some of the good stocks of this sector in your portfolio. If we look at the technical chart of Cipla we can see a nice cup and handle structure getting formed in recent past and its trading just near its breakout level.

 

 

 

Recommendation

Buy round 320

Current Price

332

Target

380

Time Frame

2 Months

Stop Loss

300

Event to watch

Breakout with strong volumes

Date of Analysis

20/01/2012

 

The Strategy

The cup of pattern has taken a nice three months time to form which enhances the credibility of the pattern. Right now it’s undergoing a short period of consolidation (the handle) of 1-2 weeks in duration, which tends to be down trending. If you are an aggressive investor then you can take position and wait for the breakout to happen above 340 levels and if you are slightly conservative then the best strategy for you is to enter the stock when breakout actually happens above 340 with large volumes.

 
 

Famous Articles

Ask The Expert

Email:
Subject:
Question:
5 + 9/10 + 1/10 - 10/2 =
Find us on Facebook
Follow Us