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CIPLA Weekly Outlook and Analysis:
For the Week: (April 03, 2023 – April 07, 2023)
BSE: 500087| NSE: CIPLA| ISIN: INE059A01026| SECTOR: PHARMA
Stock closed the Weekly on positive Note gaining 2.65%
Cipla Share Price: 900.50
Weekly High: 902.70
Weekly Low: 876.05
Weekly Range: 23.25 points
Weekly Support & Resistance For Cipla:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 889 levels, Minor resistance on the upside is capped around 909 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 @ 866 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 @ 918.
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 918 on upside and 866 on downside.