CIPLA Ltd. (NSE: CIPLA) with weekly candles

🧠 Technical Snapshot (Weekly Timeframe) Current Price: ₹1,639 Major Resistance: ₹1,698–₹1,700 (highlighted red line) EMA Status: Price is above 26 EMA (₹1,536) and 52 EMA (₹1,510) — showing strong short- to mid-term momentum. EMAs are aligned positively (short > medium > long), confirming a bullish structure. Chart Pattern: The stock is attempting a breakout from a 12-month consolidation zone (~₹1,350–₹1,700). Multiple rejections around ₹1,700 make it a critical resistance; a breakout above this could open the next leg higher. 📈 Bullish Scenario If it sustains above ₹1,700 on a weekly closing basis, expect: Short-term targets: ₹1,820 → ₹1,950 Medium-term target: ₹2,100+ (based on prior swing projection) ⚠️ Bearish / Risk View If the breakout fails and price slips below ₹1,530: Expect a retest toward ₹1,450–₹1,480 (EMA support zone). Below ₹1,450, momentum weakens — avoid fresh entries. 💡 Conclusion CIPLA is on the verge of a multi-month breakout with EMAs confirming strength. Keep an eye on ₹1,700 — a strong close above it can mark the start of a fresh uptrend after 1+ year of consolidation.