Cadila Healthcare - Buy

Cadila Healthcare (CMP: 715.65) : The above weekly chart shows the stock has reversed from cluster support zone with couple of reversal candle which indicates pullback on the cards. On the weekly chart RSI has given positive crossover which sign of strength. Now the stock will rise towards 837 which is middle red line. 

Investors may buy the stock at the current levels as well as on declines, with a stop loss at 641 (closing basis) and target of 837. A breakout past Rs.837 would lend further momentum to the uptrend and the stock could then test the major resistance at 875.