Long Cipla @ ₹547-555 for a Target of ₹595

2019年2月25日

Greetings,

With no major announcements on the cards in near future, this is a pure technical play with no event driven price action. Accumulation has been going on in Cipla for a long time now, and finally today it showed strength even as the price pushed upward of ₹550 and soon the intraday action was captured by HFT players which is why the ₹3 down closing.

However, it is a blessing in disguise, buy CIPLA at ₹547-551 levels for a target of ₹595. Putting Stop Loss isn't recommended. Also, DO NOT play on margin, get ready to hold it for 2 weeks.

Happy Trading!

- Souvik

2019年2月26日

トレード稼働中

UPDATE (26-Feb-19): A day after initiating the trade, India's IAF bombed the terrorist camps in Pakistan, as per media. Therefore, a drag was created, Nifty50 being down 300 points on open and recovered sharply during close. Cipla breached 552. Long and hold.

2019年2月27日

注文をキャンセル

Keeping in view the unstable political situation right now between India and Pak. Exit the trade.

2019年3月9日

トレード稼働中

Get in to CIPLA once again.

2019年10月27日

手動でトレードを終了しました