Cadilla - on rebound

NSE:CADILAHC has consolidated from its highs and made dogi at bottom. As expected it started its recovery from there. Gave confirmation and broke the falling trend-line. RSI and MACD are favorable making it a good candidate for buy

Buy it at current price
CMP 422
Tgt 450 / 475
SL 410 on closing basis and 403 strict

It can be a slow candidate though and can show some drama in between, but I expect to reach target latest by jan end

Trade active

Comment:

CMP 440. Going strong. Trail SL to 428 and hold or book here as per your comfort
If you book here and you traded in 1 lot -> (440 - 422) x 1600 = 28,800

Personally continuing the hold

Trade closed manually:

Stock went ober TGT of 450 multiple times between 08Jan and 19 Jan. Hope all exited

Profit -> 450 - 422 = 28
If you traded in 1 lot -> (450 - 422) x 1600 = 44,800