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tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 16 March 2026
The stock of Aurobindo Pharma appreciated 5.3 per cent last week. Consequently, it has broken out of a key resistance at ₹1,240, a bullish signal.
While ₹1,325 is a minor hurdle, this can only lead to a corrective decline because the then resistance of ₹1,240 will henceforth act as a support.
A potential rebound from ₹1,240 will eventually lift the stock above ₹1,325. Once this occurs, the price can extend the uptrend to ₹1,600 in the near-term.
Therefore, traders can consider buying the stock now at ₹1,296 and accumulate if the price dips to ₹1,240. Place stop-loss at ₹1,160 at first.
When the stock moves up to ₹1,450, trail the stop-loss to ₹1,375. Tighten the stop-loss further to ₹1,480 when price touches ₹1,530. Book profits at ₹1,600.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
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Stock to buy today: Aurobindo Pharma (₹1,296.20)
Stock to buy today: Aurobindo Pharma (₹1,296.20)
A potential rebound from ₹1,240 will eventually lift the stock above ₹1,325. Once this occurs, the price can extend the uptrend to ₹1,600 in the near-term
Published on March 16, 2026
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