Buy Piramal Enterprises Syndicate Bank, hold Dalmia Bharat Sugar; sell Cipla

December 1, 2017

Here are some recommendation to buy sell and hold. The technical analysts are of the view that one must buy Piramal Enterprises and Syndicate Bank. On the other hand, one must hold Dalmia Bharat Sugar but can sell Cipla.

It is advised by the technical analysts to buy Piramal Enterprises and keep a stop loss below Rs 2,780 and look for targets close to about Rs 2,900.

On the other side, you can sell Cipla that can break below the intraday pivots of Rs 595. Try selling Cipla below Rs 594. You can keep a stop loss at Rs 605 and look for targets close to about Rs 575.

Cipla Limited is an Indian multinational pharmaceutical and biotechnology company, headquartered in Mumbai, India. It primarily develops medicines to treat cardiovascular disease, arthritis, diabetes, weight control and depression; other medical conditions

Dalmia Bharat Sugar has had a prominent pivot around the Rs 140 odd level. You need to keep a stop loss below that and hold this stock.

Syndicate Bank is showing good outperformance and it is believed that Syndicate Bank appears to have triggered some kind of medium term trend on the upside. For this reason, it is good to accumulate at current level, maybe Rs 4-5 decline in case the markets do correct would be even better levels to add on to your positions.

You are advised to keep a stop loss below Rs 78. The stock is expected to head towards Rs 120-125 zone.

About MCR World

I started my career as content writer at Money classic Research. I am fascinated with this job and I feel habit of reading and writing enhances your skills. I love to write technical and health blogs. However, I am engineer turned writer and pursued graduation at Rajiv Gandhi Prodyogiki Vishwavidhyalaya.
By: MCR World

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