Cipla Outlook for the Week (Sept 07,2020 – Sept 11,2020)

For the Week: (Sept 07,2020– Sept 11,2020).

ISIN: INE059A01026

RESISTANCE 2.
803.00.

Stock closed the Weekly on negative note losing– 3.21%.

ASSISTANCE 1.
706.00.

Weekly High: 755.70.

RESISTANCE 1.
773.00.

ASSISTANCE 2.
679.00

Stock is trading above 200 days rapid moving average, suggests long term pattern is bullish. EquityPandit forecasts variety for the Weekly as 850 on upside and 665 on drawback.

Weekly Range: 50.50 points.

Cipla Share Price: 724.60 (NSE).

Technically on the everyday charts EquityPandits Analyst see: Minor support on the drawback lies at 706 levels, Minor resistance on the advantage is capped around 773 levels.

Weekly Low: 705.20.

Weekly Support & & Resistance For Sun Pharma:.

If stock breaches minor 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 small resistance on the upside and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 803.

Stock looks to be trading at overbought levels overall pattern is still up and stock might see profit booking and need to be accumulated only at lower levels.

SECTOR: PHARMA.

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