Akums Drugs & Pharmaceuticals (AKUMS) – Technical Price Action Analysis $AKUMS

Akums Drugs & Pharmaceuticals (AKUMS) – Technical Price Action Analysis Current Market Price (CMP): ₹610 Akums has shown a strong recovery from its recent lows near ₹410-450 and is now trading close to its 52-week high zone of around ₹623. The stock has been one of the stronger performers in the pharma/CDMO space recently. Technical View: Stock is trading above key short, medium, and long-term moving averages, indicating a bullish trend. Recent breakout above the ₹590-600 resistance zone suggests fresh buying interest. Volume expansion during the upmove indicates institutional participation. Momentum remains positive as long as the stock sustains above ₹585-590. Key Levels Immediate Support: ₹595 Strong Support: ₹575 Positional Support: ₹550 Immediate Resistance: ₹623 Next Resistance/Target: ₹650 Extended Target: ₹680-700 Trading Strategy ✅ Bullish above ₹595 Target 1: ₹650 Target 2: ₹680 Stop Loss: ₹575 (closing basis)