AKUMS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.4

Here’s a detailed technical analysis of AKUMS Drugs & Pharmaceuticals Ltd. (AKUMS)

📊 Trend Overview

Current Trend: The stock is in a short-term reversal phase within a broader downtrend. Price has declined sharply from its high of ₹940 and is now trading below both key moving averages.

Price Action: At ₹475, AKUMS is below the 50-DMA (₹494) and 200-DMA (₹561), indicating persistent bearish pressure and lack of trend reversal confirmation.

📈 Momentum Indicators

RSI (47.9): Neutral to bearish zone. Indicates indecision with a slight tilt toward weakness.

MACD (-7.36): Negative and diverging, confirming bearish momentum and absence of bullish crossover.

Volume: Current volume (91K) is significantly below the 1-week average (2.17L), suggesting low participation and lack of conviction from buyers.

📉 Volatility & Bands

Bollinger Bands: Price is near the lower band, suggesting oversold conditions. However, without volume confirmation, a bounce remains speculative.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 460 – 470 Near recent swing low and psychological base

Resistance 494 – 510 50-DMA and previous rejection zone

Breakout Zone 525+ Above this, next target is ₹560 – ₹600

🎯 Entry & Exit Strategy

Optimal Entry: ₹460 – ₹475 (on dips with bullish reversal confirmation)

Exit Zone: ₹500 – ₹525 (partial profit booking); ₹560+ (final resistance)

Stop Loss: ₹445 (below recent support)

🔍 Summary

Trend: Reversing downward short-term

Momentum: Weak signals from RSI and MACD

Volume: Low, confirming lack of breakout strength

Outlook: Cautiously bearish; wait for bounce confirmation above ₹494 or reversal near ₹460

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