Cipla Ltd: Technical view from a friend whose success ratio is amazingly high:

The trend is definitely up for Cipla though, in the short term, the share is undergoing a time-wise correction, with the price reversing from an important resistance level @ Rs.750. It is a common phenomena of price correcting after good results & vice-a-versa. I expect the share to trade in the price range of Rs.670-700 for about a week before it resumes/gains upward momentum. A close above Rs.750 will be the blow-out phase for the share and it can then zoom to Rs.850-900. Can't rule out 4 figure for the scrip by the time of Q2 results are out. A good medium term investment

(say,6-8 weeks).