Price Action View (CMP ₹1,425)

CIPLA

Price Action View (CMP ₹1,425) Bias: Bullish above ₹1,425. Immediate Resistance: ₹1,445–1,450. Major Breakout Level: ₹1,450. Support: ₹1,405–1,410. Strong Support: ₹1,380. Trading Strategy Aggressive Buy: ₹1,425–1,430 (only if supported by strong volumes). Target 1: ₹1,450. Target 2: ₹1,480. Target 3 (Swing): ₹1,525. Stop Loss: ₹1,405 on a closing basis. Technical Interpretation A move back to ₹1,425 indicates buyers are absorbing the post-results selling pressure. A close above ₹1,450 would confirm a fresh breakout and could trigger momentum buying. If the stock fails to hold ₹1,410, it may retest the ₹1,380–1,390 support zone before attempting another rally. Recent earnings showed a sharp decline in quarterly profit due to weaker U.S. sales, even though domestic business remained strong, so traders may continue to react to news flow in the short term.