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Published on 22/07/2019 9:31:04 AM | Source: Religare Securities Ltd

Sell Cipla Ltd For Target Rs.520 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Cipla Ltd #Pharma Sector #Trading Report #Religare Securities Ltd

 

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Religare Super Ideas

Cipla Limited (CIPLA)

CIPLA has been hovering around the resistance zone of major moving averages ribbon on the multiple time frames but failed to sustain above the same despite several attempts and formed a fresh shorting pivot now. We advise initiating fresh shorts in the given levels.

Recommendation

SELL Cipla Ltd FUTS @ 541-543 Stoploss 553 Target 520 CMP 537.65

 

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