Download Unicorn Signals App

Powered By EquityPandit
DAILY PREDICTION

Cipla Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Cipla for week (July 06, 2015 – July 10, 2015):

 

CIPLA:

 

CIPLA

 

 

CIPLA closed the week on positive note gaining more than 3%.

As we have suggested last week that if the stock manages to close above the levels of 635 we may see stock moving towards the levels of 650 where 200 Daily SMA and downward sloping trend-line are positioned.

As seen from the daily chart the stock has managed to hit the high of 638 but could not able to close above the levels of 635 since last 3 days.

If the stock manages to close above the levels of 635 where 50 Daily EMA is positioned we may see stock moving towards the levels of 650 where 200 Daily SMA is lying.

Support for the stock lies in the zone of 620 where short term moving averages are positioned.

Broad range for the stock is seen in the range of 600 – 615 on downside to 640 – 660 on upside.

Get Daily Prediction & Stocks Tips On Your Mobile