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Cipla closed the previous week on a negative note losing 2.57%.
Technically, Cipla share price will see immediate support at 1,150.27 and immediate resistance would be seen at 1,180.72.
If Cipla share price closes below immediate support of 1,150.27, then sharp breakdown can be seen. Cipla share price will see major support at 1,137.53 for the week.
On the positive side, immediate resistance will be seen at 1,180.72. Closing above 1,180.72, Cipla share price will see a sharp breakout. Major resistance for Cipla share price will be seen at 1,198.43 for the week.
Trading range for Cipla share price for this week should be between 1,119.82 on down side and 1,211.17 on up side.
Cipla Previous Week High: 1185.7
Cipla Previous Week Low: 1155.25
Cipla Previous Week Range: 30.45 Points
Cipla share price support and resistance for the week (October 09, 2023 – October 13, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 1,211.17 |
| Resistance 2 | 1,198.43 |
| Resistance 1 | 1,180.72 |
| Support 1 | 1,150.27 |
| Support 2 | 1,137.53 |
| Support 3 | 1,119.82 |
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