Cipla technical analysis

According to the latest Pivot data, Cipla’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹1491.33, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1502.46, ₹1520.93, and ₹1532.06, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1472.86, ₹1461.73, and ₹1443.26, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Cipla’s price movement.