Recent Uptrend in Cadila has pushed it closer to testing it's ATH levels of 550 after a consolidation gap of almost 3.5 years. Coupled well with it's investments in fixed assets over these years, it is all set to ride the uncharted territory in 2021 and beyond. However, this stock moves like a tortoise, so one needs to be patient with it and keep a horizon of 2-3 years.
Trade active:
Perfect cup with handle formation here for Cadilla. We can add further here at these levels. Long term looks bright for this stock and whole sector as such.
Trade active:
Continue to Hold with Stop loss @ 550