nano6yogesh
Short

Cipla – Topped out ?

NSE:CIPLA   CIPLA
Pharma index witness mayhem today due to bad news from US with Dr . Reddy plunging 10%.

Cipla NSE:CIPLA seems to be the only stock which was hammered relatively less today.

However, I can see that the stock is struggling around 78.6% of previous downfall for many days and looks close to a breakdown.

Looks like it is heading for a first target around 600 levels.

Good opportunity to short 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.
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