I read in Business Line, a daily, that Cipla is now going through a very strong upward trend, chartwise, abot 10 days back.
But then, while I bought at Rs, 350.50, panicked and sold at Rs. 345.2 during a dip on last Friday.
Now the Script has started rising. I think it was Rs. 360 on tuesday.
1) Believe in such chart based recomendations.
2) In case of doubt in the dip times, sell 50% and hold the rest.
it looks like it is advisable to buy Cipla even now.
IF you are a long term trader or a mid term trader..in the pharma sector CIPLA are one the pioneers, i have been holding this stock for a long time and i am very confident about its movement in the long run, i think it will rise heavily in the long run and would say that you can buy at these levels and buy more at DIPS in the long run..