Cipla Outlook for the Week (Aug 17,2020 – Aug 21,2020)

RESISTANCE 1.
819.00.

SUPPORT 1.
706.00.

Stock is trading above 200 days rapid moving average, recommends long term trend is bullish. EquityPandit forecasts range for the Weekly as 860 on benefit and 665 on drawback.

For the Week: (Aug 17,2020– Aug 21,2020).

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the disadvantage lies at 706 levels, Minor resistance on the upside is topped around 819 levels.

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SECTOR: PHARMA.

SECTOR: PHARMA.

If stock breaches small support on the disadvantage and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 679 and If stock breaches minor resistance on the advantage and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 850.

Cipla Share Price: 771.80 (NSE).

Stock closed the Weekly on favorable note getting +5.92%.

ASSISTANCE 2.
679.00

Weekly Low: 751.35.

RESISTANCE 2.
850.00.

Weekly Range: 63.15 points.

Cipla has experienced escaped gap in the recently opening and stock seen selling pressure at 819- 820 levels. Stock has actually formed greater highs and greater lows patterns, Once Gap on the charts is filled we may see stock heading toward greater levels and out efficiency of the stock can continue.

Weekly High: 814.50.

Weekly Support & & Resistance For Sun Pharma:.