Sell Call on CIPLA

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This is the foremost premise for our 'Sell' recommendation on the stock. Investors should note we are positive about the company's low risk exports strategy of supplying bulk drugs to generic majors in the regulated markets in the long term, especially considering the potential in terms of large patent expiries in the coming few years. We have accordingly factored the same in our assumptions. Having said that, despite factoring in all the positives, at current valuations, we believe that the risk-reward equation is skewed towards risks and hence the 'Sell' recommendation.
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The above are EM recommendation.

can be relevant?advice please.

There are many buy reports on cipla witha price terget of Rs.280/-. If people sell than suerly I will accumalate as much as possible.

I belive charts should be followed instead of any news etc.

Why sell when the trend is clearly up?

Hi

Technically Cipla is definitely a HOLD now. Evn it could aa buy now. It is still in a uptrend

Weekly macd is just turned positive. Daily momentum is also increasing . next stop could be 280. it crossed a good resistance around 252.

In any case dont sell now ..

Chart enclosed for reference ..

regards

Karthik

Hi
Karthick can u pls tell me how did u get that chart on CIPLA

why, Sudhershan, Is there any mistake in the chart? It was plotted by me on Amibroker.

karthik

ah seems the master of indicator got some folks into his labyrinth of indicators