Aurobindo Pharma Short
The stock's recent rally has been capped at the 61.8% FR (680) with the RSI making lower peaks showing weakness. Expecting the current range bound move (680 - 665) to resolve on the down-side. The target is 645. A 15-min close above 680 would negate this weakness and the trade.
Note
The trade has been stopped out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.