Topic Statement:
Cipla has remained stuck in a sideways range for months, with potential downside pressure emerging from shifting global policies.
Key Points:
- The stock has been hovering around the 23.6% Fibonacci retracement level at 1502, influenced by both national and global economic factors
- Price is currently sitting on the 50-day EMA, offering short-term directional ambiguity
- The stock may follow the drawn trend line, which could guide its next movement depending on policy and market developments
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Disclaimer
This article should not be interpreted as investment advice. For any investment decisions, consult a reputable financial advisor. The author and publisher are not responsible for any losses incurred by investors or traders based on the information provided.