CIPLA is ready for a giant leap.

After three years of consolidation Cipla has broken out of a cup and handle pattern. Sustaining the previous breakout it has also broken out of flag pattern on daily chart. My view is Cipla can be bought at CMP with a SL of 637 (daily closing basis) for a short term target of 720. Long-Term targets are 800/840. Risk to Reward of 1:6