Signals, Powered By EquityPandit
CIPLA Weekly Outlook and Analysis:
For the Week: (April 12,2021 – April 16,2021)
BSE: 500087| NSE: CIPLA| ISIN: INE059A01026| SECTOR: PHARMA
Stock closed the Weekly on positive note gaining +7.91%
Cipla Share Price: 883.05 (NSE)
Weekly High: 892.30
Weekly Low: 806.10
Weekly Range: 86.20 points
Weekly Support & Resistance For Sun Pharma:
| RESISTANCE 2 | 925 |
| RESISTANCE 1 | 897 |
| SUPPORT 1 | 758.00 |
| SUPPORT 2 | 730.00 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 758 levels, Minor resistance on the upside is capped around 897 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 730 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 925.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 950 on upside and 700 on downside.
On Cipla, stock is in uptrend and breaks upward level with positive strength technical indicators also on positive side. In next few trading session stock can see higher highs.
