CIPLA Good Long Opportunity
CIPLA is currently in a consolidation phase between support at ₹1,606.30 and resistance at ₹1,686.80. The stock is nearing the upper boundary of this range, suggesting a potential breakout if volume increases. RSI is around 60, showing bullish momentum without being overbought. Volume analysis supports buying interest on bullish days but hasn't confirmed a breakout yet. If the stock breaks ₹1,686.80, it could move higher, while a rejection may send it back to support.
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