Auro Pharma is trading in the range shown by trendline on chart. It has bounced 3 times (up arrow) from the support line of consolidation zone. RSI is also in oversold territory and has rebound from below 20 to above 20. Any correction towards 695-690 range can be used to initiate buy position with stop loss below 668 for target 732- 755 on up side.
Trade active:
It has made low of 691. Now trading 613
Trade active:
Correction : Trading 713
Trade active:
Auropharma should be carried with SL of 691. CMP 726
Trade closed: stop reached:
SL hit. We saw it 728 after our buy position which was close to our st target of 732.