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Technicals for AstraZeneca Pharma India Limited
By MusingTheNews
2026-02-02 20:23
Overall Technical outlook
Price Summary
AstraZeneca Pharma India Limited's stock began trading at 8574.0 on 2026-02-02, soared to 8650.0, dipped to 8430.5, and finished the day 0.65% higher at 8629.5, with 3562 shares exchanged. In the past year, the highest stock price was 10509.5, and the lowest was 6698.65.
Technicals
Support and Resistance: The price of 8629.5 is supported at 8400.0 and capped by resistance at 8761.0. These levels mark key points for AstraZeneca Pharma India Limited where the price could find stability, with 8400.0 as a floor and 8761.0 as a ceiling. Support/Resistance for ASTRAZEN
Aroon: Aroon's bullish trend persists, with Aroon Up at the 100 level, signaling strong upward momentum. Further exploration with additional indicators is needed to confirm the trend's durability and potential for continued growth. Aroon chart for AstraZeneca Pharma India Limited
Bol. Bands: In the latest price action, the current price has surpassed the upper Bollinger Band, indicating a bullish breakout. This upward movement suggests that the market is experiencing strong buying pressure, driving the price higher. Such a move is often seen as a sign of increasing momentum, potentially leading to continued upward movement. Bolinger Bands chart for AstraZeneca Pharma India Limited
Parabolic SAR: The PSAR remains bullish in its outlook, setting a key support level that could sustain the ongoing upward trend. This strong support indicates that the market may continue to rise, with the bullish momentum likely to persist for ASTRAZEN. Parabolic Stop and Reverse chart for AstraZeneca Pharma India Limited
Stochastic: The stochastic indicator is in a bullish phase, with the K-line positioned above the D-line and the 80 threshold. This alignment suggests strong upward momentum for ASTRAZEN, indicating that the market may continue to trend higher. Traders might see this as a positive signal for sustained strength. Stochastic chart for AstraZeneca Pharma India Limited
Tripple Moving Agerage: A bullish trend is signaled by the alignment of the 20-50-100 period moving averages, but the slopes of the faster averages suggest a potential reversal. The weakening momentum in the shorter-term averages hints that the current upward trend might be nearing its end, signaling the possibility of a shift in direction. Tripple SMA chart for AstraZeneca Pharma India Limited
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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