The pharma major fell more than 5 per cent in a week which triggered the breakdown from a 50-point range where Rs 700 acted as a stiff resistance while levels of Rs 658-660 and above acted as strong support. The stock closed at Rs 652 on 26 August 2022.
Buy the dips in quality names with earnings visibility: Hemang Jani
The broader market had its own sort of corrective phase, but I do think that given the fact that this event has happened and though