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10-01-2024 10:33 AM | Source: Religare Broking Ltd
Stock of the day : CIPLA Ltd For Target Rs. 23 - 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 prevailing trend to strengthen further.

* We thus recommend creating fresh longs in the mentioned range.

BUY 625 PE State Bank of India CMP 12.25; Range 11-33; SL 08; Target 78

 

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