2025-08-22 11:19:56 am | Source: Religare Broking Ltd
Stock of the day : Cipla Ltd by Target Rs. 1690 - Religare Broking Ltd
Cipla Ltd
Buy Cipla Ltd CMP 1592.80 Range 1590-1595 SL 1545 Target 1690
* Cipla experienced a breakout from a sideways range accompanied by increasing volume, indicating sustained bullish momentum in upcoming sessions.
* The stock exhibits a rounding bottom formation, generally considered as a bullish continuation pattern.
* It maintains strong momentum above critical and important moving averages, including the 21, 50 and 100-day Exponential Moving Averages.
* Investors are recommended to initiate long positions at designated entry points to leverage potential upside opportunities.
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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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