Cipla part exit on Target

As we planned, 50% of our position in Cipla has been exited on the target price of Rs. 258.60 today. We had a open risk of Rs. 1914.20 in this stock, now with part exit we have closed a profit of Rs. 1885.30, almost close to the risk at the time of entry. On the balance position stop has moved to Rs. 214.10. There is good strength on both Weekly and Daily charts, so, we shall wait for any weakness to set in, to exit the balance position.
The exit chart will be posted on final exit. As market gave a negative closing today, there are some buy calls available for trade in the next session.
PNB: Buy at Rs. 618.00 with a stop of 559.90 for a target of 720.
IOC: Buy at Rs. 567.75 with a stop of 519.95 for a target of 664.
OBC: Buy at Rs. 180.00 with a stop of 167.40 for a target of 210.
Of the 3 calls PNB has a lower risk to reward of less than 2 times the risk & IOC has exactly 2 times the risk as reward. These are before commissions, as our commissions are big enough, it consumes a big chunk of the stocks price. We have to add commissions to our risk.
Whereas OBC has a risk/reward of 1.0:2.38, even after commissions we will be left over with above 2 times the risk taken as profits. So, we will trade OBC in our trading account for the next session.
The calls given here are purely on our own technical assumptions, those willing to trade these calls shall do a thorough analysis on their own, bring confidence into themselves before taking any positions or putting real money into risk.
The chart positions of the above calls will be given in the next post.