Cipla stock tips tomorrow and Cipla stock chart technical analysis

Cipla Stock Tips Tomorrow

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Cipla stock tips tomorrow: Stock on the verge of bullish breakout resistance at 623

Cipla stock tips tomorrow 02 july 2018

Cipla showed long bullish candle in daily chart on 29th June 2018, for Mondays trading (02-July-2018) stock can price rise once it breaks and holds above 623. If holds above 623 then stock will find intraday resistance around 627, 630.

Share price of Cipla on Friday 29-06-2018 closed with a gain of Rs. +17.10 up by 2.85% at NSE.

Stock was on news : received approval from the US health regulator to market Efavirenz tablets. These tablets are used to treat HIV-1 infections in adults. The Mumbai-based firm has received final nod from the United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Efavirenz tablets in 600mg strength, Cipla said in a statement.

Cipla witnessing selling from previous top @ 622.75Cipla stock tips tomorrow

Cipla technical analysis chart indicates that stock witnessing selling pressure from its previous top @ 622.75, chart indicates further bulls action can only be seen once it breaks and closed above its previous top.

Down side Cipla will find support around 598, if stock holds below 598 then stock can see correction in coming days as we have seen bull rally in Cipla from 507 and stock touched 622.75 almost non stop.

Share price of Cipla today closed with a gain of Rs.1 up by 0.17% at Rs. 602.85 at NSE. Stock opened 613, intraday high 22.75 and intraday low 600.35. Total traded volume for today 912117. Cipla 52 weeks high 663.40 and 52 weeks low 507.20.

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