The stock has potentially broken above the short-term descending trendline, signaling a bullish reversal. Current support is near ₹3,180, with resistance at ₹3,320 (recent high). A sustained move above ₹3,320 could target ₹3,450 or higher if momentum continues.
Entry: Enter a long position if the price holds above ₹3,200
Stop Loss: Place a stop loss below ₹3,170 to protect against a false breakout.
Target: Initial target at ₹3,320, with a secondary target around ₹3,400, based on recent highs and price forecasts.
Risk Management: Watch for broader market trends and pharma sector performance, as tariffs could impact sentiment.
Entry: Enter a long position if the price holds above ₹3,200
Stop Loss: Place a stop loss below ₹3,170 to protect against a false breakout.
Target: Initial target at ₹3,320, with a secondary target around ₹3,400, based on recent highs and price forecasts.
Risk Management: Watch for broader market trends and pharma sector performance, as tariffs could impact sentiment.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.