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Stock of the day : Cipla Ltd For Target Rs. 1315 - Religare Broking
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Cipla Ltd
* Pharma sector trading strong around life highs and CIPLA is trading insync.
* It has rebounded higher finding support near its previous resistance zone while holding above its short term moving average.
* Following price action and buoyancy in pharma space suggests price to witness breakout from the ongoing range.
* We thus recommend creating fresh longs in the mentioned range.
Buy Cipla Ltd CMP 1251.00; Range 1250-1254; SL 1220; Target 1315
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SEBI Registration number is INZ000174330
