Cipla on daily chart has given breakout from the wedge pattern it formed over last two months giving signal of fresh upmove. Stock also trading well above its key moving averages which may act as a supprts downside if it falls from the CMP. Stock is likely to go up and touch the level of 400 to 420 in short term. Stop loss at 365 recommended.
CMP - 380 as on 5th nov 12.
