Buy Cipla, says Mitesh Thacker

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Buy Cipla, says Mitesh Thacker

Buy Cipla, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Cipla See messages about Cipla Cipla BSE | NSE 17/02/12 Are Mutual Funds betting on Cipla?

Buy Cipla , says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "The entire pharma sector is looking very good. We have had the BSE healthcare index break into new highs similar to what auto index did couple of months back and I think the sector looks very strong. Cipla is one stock which has broken into fresh highs; it's trading at this lifetime high of Rs 322 and yesterday we saw good breakout from consolidation when the price was moving in the range of Rs 315 and Rs 300. I think its triggers another short-term uptrend; the short-term targets would be around Rs 350 and Rs 360 and I would recommend a buy with a stoploss of around Rs 309."