CIPLA

BEARISH VIEW CHART PATTERNS AND MOVING AVERAGES

After a sharp uptrend the stock price of

started consolidating and formed support and resistance level of 1510 and 1570 respective The stock price has formed rounding top candle stick chart pattern on daily basis chart and on 6th may 2025 it has given its breakout and closes below the support level of 1510 indicating further fall and also closes below 200 moving average 200 moving average acts as important support and resistance now the further fall may be seen in the stock price of 1510 will act as important resistance level now as support and resistance levels are interchangeable once broken