Cipla Outlook for the Week (Nov 09,2020 – Nov 13,2020)

If stock breaches minor assistance on the drawback and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 705 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 @ 854.

ASSISTANCE 2.
705.00.

On Cipla, stock on support line and attempt to gain back, stock fill the space in the day-to-day chart it will offer support to the chart, RSI technical indicator reveal that stock in overselling zone and might show up.

ASSISTANCE 1.
730.00.

SECTOR: PHARMA.

Weekly High: 802.00.

RESISTANCE 1.
832.00.

BSE: 500087

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit forecasts variety for the Weekly as 860 on upside and 700 on downside.

Weekly Range: 57.60 points.

For the Week: (Nov 09,2020– Nov 13,2020).

RESISTANCE 2.
854.00.

Stock closed the Weekly on favorable note getting +4.70%.

Cipla Share Price: 789.05 (NSE).

Weekly Low: 744.40.

Technically on the daily charts EquityPandits Analyst see: Minor assistance on the downside lies at 730 levels, Minor resistance on the upside is topped around 832 levels.

Weekly Support & & Resistance:.