AstraZeneca Pharma India Ltd – Technical & Fundamental View

📊 AstraZeneca Pharma India Ltd – Technical & Fundamental View Timeframe: Daily The stock earlier formed a Rising Wedge, followed by a Head & Shoulder structure, indicating distribution at higher levels. Post breakdown, price has moved into a consolidation phase, forming a symmetrical triangle, suggesting a decisive move ahead. Currently, price is below the short-term moving average and trading near the middle-to-lower Bollinger Band, reflecting neutral to slightly weak momentum. 🔑 Key Technical Levels Immediate Resistance: ₹9,350 – ₹9,450 Major Resistance: ₹9,700 – ₹9,900 Support Zone: ₹9,050 – ₹8,950 Critical Support: ₹8,750 📉 Technical Outlook A breakdown below ₹8,950 can trigger a move towards ₹8,750 and below. Upside confirmation only above ₹9,450, with strength likely towards ₹9,700–₹9,900. Until a breakout occurs, expect range-bound & volatile price action. 📌 Fundamental Snapshot AstraZeneca Pharma is a strong MNC pharma player with focus on specialty therapies (oncology, cardiovascular, respiratory). Business fundamentals remain stable, but valuation comfort and earnings growth visibility will be key for fresh long-term momentum. Near-term movement will remain technically driven rather than purely fundamental. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS