The stock is witnessing a distorted cup and handle formation on charts and if crosses and closes above the red resistance line it can give good moves. For short term traders: Buy Cipla once it crosses above 343-346 zone with a stoploss of 333 and target of 355/360 in short term. For medium term traders: Buy Cipla above 343-346 zone with a stoploss of 324 and look for 360/375 in medium term.
Have a nice day
Regards
Ankit
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