CIPLA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of CIPLA

📊 Trend Overview

Current Trend: Trending upward

Price is above both 50 DMA (₹1,544) and 200 DMA (₹1,508), confirming bullish structure.

RSI at 56.4 is neutral-to-bullish, suggesting room for further upside.

MACD at 6.05 is positive, indicating sustained momentum.

📈 Technical Indicators

Moving Averages

Price (₹1,578) > 50 DMA (₹1,544) > 200 DMA (₹1,508): Golden crossover confirmed

RSI (56.4)

Neutral zone, leaning bullish. A move above 60 would confirm stronger momentum.

MACD (6.05)

Positive crossover. Momentum is building steadily.

Bollinger Bands

Price near upper band, indicating strength but also short-term resistance.

Volume Trends

Current volume (9.07L) > 1-week average (7.50L): Accumulation phase

Indicates growing interest and potential breakout setup.

🔍 Short-Term Momentum Signals

Bullish Bias

MACD and volume support continued upside.

RSI suggests momentum is healthy but not overheated.

Strong fundamentals (zero debt, high ROE/ROCE, consistent PAT growth) reinforce technical strength.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,544 50 DMA, short-term base

Support 2 1,508 200 DMA, medium-term support

Resistance 1 1,600 Minor psychological barrier

Resistance 2 1,650 Recent swing high

Resistance 3 1,702 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,540–₹1,560 (on dips near 50 DMA)

Exit Zone: ₹1,650–₹1,702 (partial profit booking)

Aggressive Target: ₹1,740+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strengthening, supported by MACD and volume

Outlook: Favorable for swing trades and medium-term positions

Valuation: Reasonable P/E (24.7) vs industry (33.4), strong EPS (₹66.9), and solid fundamentals

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