Cipla Outlook for the Week (Sept 04,2020 – Sept 18,2020)

If stock breaches small assistance on the downside 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 advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 803.

Weekly High: 735.90.

RESISTANCE 2.
803.00.

For the Week: (Sept 04,2020– Sept 18,2020).

BSE: 500087

RESISTANCE 1.
773.00.

Weekly Range: 31.50 points.

ASSISTANCE 1.
706.00.

Weekly Low: 704.40.

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

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Stock is holding the support levels on the day-to-day charts forming falling channel pattern, as soon as breaks the channel pattern resistance stock again retest levels of 800-820.

ASSISTANCE 2.
679.00

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit anticipates range for the Weekly as 850 on benefit and 665 on drawback.

Weekly Support & & Resistance For Sun Pharma:.

Cipla Share Price: 725.95 (NSE).

SECTOR: PHARMA.

Stock closed the Weekly on positive note getting +0.19%.