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CIPLA

Cipla Outlook for the Week (May 24,2021 – May 28,2021)

CIPLA Weekly Outlook and Analysis:

For the Week: (May 24,2021 – May 28,2021)

BSE: 500087| NSE: CIPLA| ISIN: INE059A01026| SECTOR: PHARMA

Stock closed the Weekly on positive note gaining  +2.53%

Cipla Share Price: 926.90 (NSE)

Weekly High: 935.00

Weekly Low: 870.00

Weekly Range: 65.00 points

Weekly Support & Resistance For CIPLA:

RESISTANCE 21010
RESISTANCE 1965
SUPPORT 1785
SUPPORT 2730

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 785 levels, Minor resistance on the upside is capped around 965 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 @ 730 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 @ 1010.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 1050 on upside and 700 on downside.

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