CIPLA Weekly Outlook and Analysis:
For the Week: (Nov 07, 2022 – Nov 11, 2022)
BSE: 500087| NSE: CIPLA| ISIN: INE059A01026| SECTOR: PHARMA
Stock closed the Weekly on negative Note loosing 0.79%
Cipla Share Price: 1146.10
Weekly High: 1185.25
Weekly Low: 1141
Weekly Range: 9.10 points
Weekly Support & Resistance For Cipla:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1129 levels, Minor resistance on the upside is capped around 1173 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 @ 1113 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 @ 1201.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 1201 on upside and 1113 on downside.