Cipla Outlook for the Week (Oct 12,2020 – Oct 16,2020)

Stock is trading above 200 days rapid moving average, recommends long term pattern is bullish. EquityPandit predicts variety for the Weekly as 860 on advantage and 700 on disadvantage.

Weekly Support & & Resistance For CIPLA:.

BSE: 500087

ASSISTANCE 1.
750.00.

RESISTANCE 2.
854.00.

Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 750 levels, Minor resistance on the upside is topped around 832 levels.

SUPPORT 2.
730.00

RESISTANCE 1.
832.00.

SECTOR: PHARMA.

On Cipla, stock on support line and try to regain, stock fill the gap in the everyday chart it will provide support to the chart, RSI technical indication reveal that stock in overselling zone and may turn up.

Weekly High: 825.00.

Cipla Share Price: 803.15 (NSE).

For the Week: (Oct 12,2020– Oct 16,2020).

If stock breaches minor assistance on the drawback and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 730 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 @ 854.

Stock closed the Weekly on positive note getting +3.90%.

Weekly Range: 62.95 points.

Weekly Low: 762.05.

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