CIPLA Good Long Opportunity

27 thg 9, 2024

CIPLA is currently in a consolidation phase between support at ₹1,606.30 and resistance at ₹1,686.80. The stock is nearing the upper boundary of this range, suggesting a potential breakout if volume increases. RSI is around 60, showing bullish momentum without being overbought. Volume analysis supports buying interest on bullish days but hasn't confirmed a breakout yet. If the stock breaks ₹1,686.80, it could move higher, while a rejection may send it back to support.