ASTRAZEN - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.2

Here’s a detailed technical analysis of AstraZeneca Pharma India Ltd. (ASTRAZEN)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, recovering from its recent low of ₹6,220 and currently trading near its 50-DMA and well above the 200-DMA.

Price Action: At ₹9,090, ASTRAZEN is above both the 50-DMA (₹8,865) and 200-DMA (₹8,241), confirming bullish momentum and trend continuation.

📈 Momentum Indicators

RSI (57.3): Bullish-neutral zone. Indicates healthy buying interest without being overbought.

MACD (94.9): Strong positive crossover, confirming upward momentum and trend strength.

Volume: Current volume (8.6K) is slightly below the 1-week average (8.8K), suggesting stable participation. A volume spike would strengthen the breakout potential.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, signaling strength. A breakout above ₹9,100–₹9,200 with volume could trigger a rally toward ₹9,500+.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 8,800 – 8,900 Near 50-DMA and recent swing low

Resistance 9,200 – 9,400 Psychological barrier and previous rejection zone

Breakout 9,500+ Above this, next target is ₹10,000 – ₹10,691

🎯 Entry & Exit Strategy

Optimal Entry: ₹8,900 – ₹9,050 (on dips with bullish confirmation)

Exit Zone: ₹9,400 – ₹9,500 (partial profit booking); ₹10,000+ (final resistance)

Stop Loss: ₹8,800 (below 50-DMA)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish signals from RSI and MACD

Volume: Stable, confirming trend strength

Outlook: Positive; watch for sustained move above ₹9,200 with volume for next leg up

Let me know if you'd like to compare ASTRAZEN with other pharma large caps or set alerts for breakout levels.

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