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Stocks with favourable risk-reward

Cipla: Buying demand emerging after a potential double bottom around the 52 weeks EMA. Expect to do well in the short term

Balrampur Chini Mills: Stock breaking above a falling supply line joining last three months highs, as buying demand is seen emerging from the 80% retracement of the last major up move (299-525). Expect to do well in the short term.