🏥 Pharma Giant in Sideways Consolidation – Big Move Loading?

🔎 Technical View Elliott Wave Structure: After a corrective phase, the stock showed a sharp impulsive leg upwards. Now it’s consolidating in a rectangle box (₹1,245–₹1,285), indicating a potential setup for the next wave. MACD Divergence: No negative divergence seen — momentum is stable, waiting for direction. AVWAP Levels: The recent consolidation base near ₹1,245 is aligned with buyers stepping in, creating a short-term support. Volume Profile: Decreasing volumes during consolidation suggest a healthy pause before the next move. 📊 Fundamental View Strong pharma player with global presence in generics and formulations. ROCE remains healthy, supported by consistent R&D investments. Strong quarterly performance with improving operating margins despite pricing pressure in the US market. ✅ Key Levels to Watch Support: ₹1,245 Resistance / Breakout: ₹1,285 Next Targets: ₹1,320 – ₹1,350 on breakout