Micro Technicals

Basf

Current Price: Rs 139.8

Target Price: Rs 165

The stock has had a bullish profile since May. The trend accelerated last week along with a sharp increase in volumes. Eventual targets with such a steep slope (65 degrees) are tough to project. On weekly and daily charts, the stock has a minimum target of Rs 165. The sharp uptrend does make things riskier. Though the stock will find support at Rs 127. Keep a stop loss around Rs 125.

Cipla

Current Price: Rs 945

Target Price: Rs 985

The stock bottomed at around Rs 930 last month and has started seeing accumulation again. There is resistance around Rs 950, which is being tested. This isn