Cipla Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

Cipla closed the previous week on a negative note losing 14.88%

Technically, Cipla share price will see immediate support at 1,070.73 and immediate resistance would be seen at 1,252.13

If Cipla share price closes below immediate support of 1,070.73, then sharp breakdown can be seen. Cipla share price will see major support at 963.67 for the week.

On the positive side, immediate resistance will be seen at 1,252.13. Closing above 1,252.13, Cipla share price will see a sharp breakout. Major resistance for Cipla share price will be seen at 1,326.47 for the week.

Trading range for Cipla share price for this week should be between 889.33 on down side and 1,433.53 on up side.

Cipla Previous Week High: 1219.4

Cipla Previous Week Low: 1038

Cipla Previous Week Range: 181.4 Points

Cipla share price support and resistance for the week (July 31, 2023 – August 04, 2023)