MayurAhirrao

LONG CIPLA

Long
NSE:CIPLA   CIPLA LTD
2
One of Stock which will have least impact due to demonitization , Pharma products allowed to sell with old currency notes , USFDA approval , Good Quater results, 356 medicine bans lifted by court in which Cipla has majority of medicines.

Currently Trading at 78% retracement level in hourly charts giving reversals/ Already crossed 23% retracement on 8th Dec selling just due to oversold levels.

All seems positive worth taking chance.

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