Cipla has target of Rs 348-350: Mitesh Thacker

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Cipla has target of Rs 348-350: Mitesh Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that Cipla has target of Rs 348-350.

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Excerpts from Closing Bell 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 10/02/12 Are Mutual Funds betting on Cipla?

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that Cipla has target of Rs 348-350.

Thacker told CNBC-TV18, "We have been positive on Cipla. Day before yesterday there was a good jump up, there was a strong price action when the price eventually managed to get pass its 89 day average. I think we talked about possible price targets of around Rs 348 to Rs 350. I think yesterday was a slightly negative day for the stock, it has come back again today. We have maintained a target of around Rs 348-350. From a trading point of view, that could be tested probably next week or in the next few days.