Buy Cipla with a long term: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can buy Cipla with a long term perspective.

Sukhani told CNBC-TV18, “Cipla came back to Rs 375, which was also a support level. Support levels do not have to hold but if they hold and prices start going up then we can combine the two factors that prices have started going up and they have started going up from a support level. Therefore, this has technical significance. Cipla has done qualifying on both accounts. This stock in any case is in an uptrend. It is a very nice opportunity for a positional trader, I will not say a day trader but for a positional trader to take a long position in Cipla is a good idea.”