CIPLA

Cipla Outlook for the Week (Oct 11,2021 – Oct 15,2021)

CIPLA Weekly Outlook and Analysis:

For the Week: (Oct 11,2021 – Oct 15,2021)

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

Stock closed the Weekly on negative note losing –7.01

Cipla Share Price: 917.10 (NSE)

Weekly High: 996.95

Weekly Low: 898.00

Weekly Range: 98.95 points

Weekly Support & Resistance For Sun Pharma:

RESISTANCE 21060
RESISTANCE 11010
SUPPORT 1875
SUPPORT 2820

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 875 levels, Minor resistance on the upside is capped around 1010 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 @ 820 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 @ 1060.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 1100 on upside and 800 on downside.

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