Buy Cipla, says Sudarshan Sukhani
Published on Friday, November 6th, 2009 at 5:57 PMAuthor: stockalert (1858 Articles)
Buy Cipla, says Technical Analyst, Sudarshan Sukhani.
“Cipla has not corrected; it’s in a trading range. Stocks that goes in a trading range is expected to move up. Today should be a cheerful market and yesterday’s price action suggests that Cipla is ready for a breakout of some kind. So assuming that you buy Cipla today; take a target of Rs 300, which is where position traders would actually buy it, keep a stoploss of Rs 290, it shouldn’t hit that stop and that’s a day trade and a position trade above Rs 300.”
Source : MoneyControl
Subscribe to my newsletter filling the form below. I'll try to make you happy.
Related Posts :
|
|
|
Market Live |
|
|
Loading ...