Market Trading Guide: Apollo Pipes among 3 stock recommendations for Tuesday – Stock Ideas
Stop Loss: Rs 1182
Target: Rs 1,375
The technical structure of Aurobindo Pharma Ltd is turning positive as the stock is approaching a breakout from a key resistance zone near 1,240. Price action has formed higher lows in recent sessions, indicating gradual accumulation. The stock is trading above its short-term moving averages, reflecting improving trend strength. Additionally, RSI is trending above 60, which suggests strengthening bullish momentum. The recent rise in volume also indicates renewed buying interest from market participants.
Kunal Kamble, Sr Technical Research Analyst, Bonanza Portfolio
