The pharma major declined after reaching a high of Rs 1,638 on April 5, 2024. It found support above the 200-day EMA on the daily charts and the 40-week EMA on the weekly charts. Bouncing back from this support, the stock broke out from its April swing high and reached a new record above 1,700. The Sensex stock hit a record high of Rs 1,758 on August 5, 2024.
