Technical Picks:Cipla and Bajaj Auto

By | June 28, 2013

Cipla

CIPLA

Cipla after breaking its medium term trendline has been consolidating below it,Yesterday gave an upmove after days of consolidation but unable to close above the trendline resistance and also its 200 DMA @ 391. Close above 391 can lead to target of 411 in medium term.

Buy above 388 Tgt 391,395 and 398 SL 386

Sell below 385 Tgt 381,375 and 370 SL 386

 

Bajaj Auto

bajaj auto

Bajaj Auto forming a trendline crossover which generally lead to volatile moves.

Buy above 1840 Tgt 1855,1877 and 1900 SL 1832

Sell below 1825 Tgt 1810,1793 and 1771 SL 1835

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