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CIPLA Weekly Outlook and Analysis:
For the Week: (Mar 20, 2023 – March 24, 2023)
BSE: 500087| NSE: CIPLA| ISIN: INE059A01026| SECTOR: PHARMA
Stock closed the Weekly on negative Note loosing 0.81%
Cipla Share Price: 874.05
Weekly High: 890.00
Weekly Low: 853.85
Weekly Range: 7.15 points
Weekly Support & Resistance For Cipla:
| RESISTANCE 2 | 909 |
| RESISTANCE 1 | 891 |
| SUPPORT 1 | 854 |
| SUPPORT 2 | 835 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 854 levels, Minor resistance on the upside is capped around 891 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 @ 835 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 @ 909.
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 909 on upside and 935 on downside.
