Cipla – Flag Breakout

Cipla is another stock in the Pharma sector (along with Lupin ) which I think has given a Flag breakout yesterday.

The stock broke from the consolidation range of 600 to 622.

So long as the stock stays above 620, looks like it is headed for 660 levels.

Good opportunity to go long here with a small stop loss.

Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.


Be careful...Pharma index has formed a Double top pattern today. Tomorrow we will know if it is showing a short term trend reversal.

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