Buy Cipla, Take Solutions, Ipca Laboratories: Kunal Bothra

Kunal Bothra, Head of Advisory at LKP told CNBC-TV18, "One can buy Cipla. The stock is forming bullish pennant formation on the daily charts. The neckline was closer to Rs 690-692 levels where it broke couple of days back. I am looking at a target of Rs 725 with a stop loss of Rs 685.""One can buy Take Solutions. The stock has formed an inverse head and shoulder pattern. The neckline is closer to Rs 180-181 where it has hit a high today. I believe if it takes out the high, once gain it could probably spur good momentum. From a trading perspective look at the target of Rs 190 with a stop loss of Rs 170," he said. One can also buy Ipca Laboratories, a decent chart on the daily perspective with higher-highs and higher-low. Target would be of Rs 840 and stop loss is Rs 740."