Greetings! As you are aware we have been discussing about the Pharma Sector lately. We will discuss the technical outlook of the stock CIPLA in detail.
Enclosed is the Daily Chart of the company Cipla Ltd. The prices can be seen breaking out of the range on a closing basis. For the past few days the stock was trading in the range of 875-975 levels. Today the stock has closed above the range at 991. So we can expect the prices to touch 1070-1080 levels as per the range breakout theory. RSI is showing a positive direction which confirms the positivity in the stock prices.
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