Drug maker Cipla Ltd falls as much as 1.98 pct to 562.7 rupees, to its lowest since Jan 3.
Stock breaks below a support around 575 rupees, the 61.8 pct Fibonacci projection of wave 1.
Stock has also broken below the support from its 200-day Simple Moving Average, seen bearish for the stock.
Trend Intensity indicator (TI) at 20 indicate stock is in downtrend. MACD is also negative and below its signal line.
Stock is marginally up 0.92 pct this year as of Thursday's close, compared with a 11.61 pct gain for the NSE Index.
