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Wednesday, October 29, 2014

CIPLA 29-10-2014



 CIPLA   CMP 656.90
 SHORT TERM

This stock cipla is now traded at new high. The moving averages are up trending. The stock is in accumulation zone. And it is outperforming the nifty. The directional indicators, momentum indicators and volatility indicators and volume based indicators are indicating uptrend

CONCLUSION: I PREFER TO BUY AROUND PRESENT LEVEL AND KEEP INITIAL STOP LOSS AT RS. 566 AND BOOK PROFIT OR EXIT WHEN THE STOCK GOES BELOW FOUR DAYS LOW.
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