ROUNDING BOTTOM IN AKUMS DRUGS--EDUCATIONAL PURPOSE

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ROUNDING BOTTOM IN AKUMS DRUGS--EDUCATIONAL PURPOSEAkums Drugs and Pharmaceuticals LimitedNSE:AKUMSmgvirus1Stock corrected from high 1176 (Aug 2024) to low 405 in Apr 2025 (-65%) correction in 9-10 months. After that stock entered consolidation phase and was hovering in the range of 623 to 415. This week stock crossed the previous resistance succesfully and closed at 622.90. Significant increase in volume is also seen in addition to higher high higher low structure which gives strength to this upward movement on weekly chart. Long position can be inititated on correction till 595-600. We expect stock to become 4x in coming 10 years. TARGET : 2718( 351%) (FIBO LEVELS) STOPLOSS : 500 (-17%) ON WEEKLY CLOSING BASIS RR RATIO : 1:20 TIME HORIZON : 10 YEARS ( TILL JUNE 2036) ONLY FOR LONG TERM INVESTMENT VIEW--10 YEARS CAUTION : NOT MUCH DATA IS AVAILABLE ON CHART AS IT LISTED IN AUGUST 2024