Stock analysis Cipla Limited CIPLA

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Moving Averages for Cipla Limited

5Day Average: 1369.29
12Day Average: 1421
20Day Average: 1438.31
50Day Average: 1453.12
100Day Average: 1363.26
150Day Average: 1310.09
200Day Average: 1270.5

CIPLA Indicators & signals

Indicator MACD (12,26,9)

1405.85, 1430.61, -9.9
Indicator MACD is in negative zone

Indicator ADX (14)

52.01, 10.45, 33.1
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CIPLA Cipla Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
19 Fri Apr 2024	1345.75	1335.00 to 1357.70	-0.12%	0.71 times
18 Thu Apr 2024	1347.30	1342.40 to 1383.65	-2.03%	1.79 times
16 Tue Apr 2024	1375.20	1371.55 to 1391.95	-0.45%	0.86 times
15 Mon Apr 2024	1381.40	1375.55 to 1399.00	-1.1%	0.68 times
12 Fri Apr 2024	1396.80	1388.00 to 1424.85	-1.84%	1.32 times
10 Wed Apr 2024	1422.95	1406.00 to 1455.30	-1.89%	1.5 times
09 Tue Apr 2024	1450.30	1447.10 to 1470.00	-0.83%	0.74 times
08 Mon Apr 2024	1462.45	1449.40 to 1472.85	0.9%	0.62 times
05 Fri Apr 2024	1449.40	1437.50 to 1474.00	-0.7%	0.73 times
04 Thu Apr 2024	1459.55	1445.10 to 1481.20	-0.81%	0.89 times
03 Wed Apr 2024	1471.50	1467.00 to 1501.55	-1.2%	0.88 times
02 Tue Apr 2024	1489.40	1483.30 to 1502.90	-0.62%	0.37 times

Technical analysis forecast for Cipla Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Cipla Limited CIPLA at this time. Stock is falling and might fall more.

It appears as if Cipla Limited CIPLA gave a large move recently.

Stock of Cipla Limited (CIPLA) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Cipla Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Cipla Limited stays below 1378.6, but if it comes above 1378.6, then a intra day buy could be more profitable.
If you take a sell trade below 1378.6, then use 1378.6 as stoploss and 1323.4 as target. However if you take a buy trade in Cipla Limited, then use 1378.6 as stoploss and 1424.56 as target.

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