Long Cipla @ 435 (positional trade call for September series)...
Target - 485....Stop Loss - 428
Cipla has broken out of a long consolidation and we expect the stock to be on a secular uptrend hereon...The company has a new CEO and aggressive growth plans in place. The rupee depreciation is a bonus cherry on the cake. In fact, we expect the stock to double from these levels over the next 3 years. Strong conviction BUY!!
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