CIPLA ORDER BLOCK SUPPLY ZONE IN FOCUS

CIPLA LTD is currently trading around ₹1,376.30, up 1.35%, and the stock is showing a supply-side zone in the recent setup. What caught my attention is that the stock has shown a steady recovery after a weak start to the year. The monthly performance shows strong moves in April (+4.1%), June (+2.9%), July (+3.9%) and August (+2.4%). September is also positive so far at around +1.1%. The recent price action is now approaching an area where supply has been identified. In simple terms a supply zone is where selling pressure may become active. So rather than looking at the recent gains alone I would watch how CIPLA behaves around this zone. If price gets rejected from supply some profit booking or consolidation can be expected. On the other hand, if buyers absorb the selling and the stock sustains above the zone with good volume it would indicate improving strength. For me the important point is that CIPLA has shown buying interest over the last few months but the supply zone now becomes the key area to watch. I would focus on price structure volume and the reaction at supply before forming any view on the next move. Supply is visible. Now the price action will tell us whether sellers remain in control or buyers manage to absorb them. Market observation for information sharing only. Not investment advice.