Aurobindo Pharma: Dragonfly doji and Gravestone doji around 712


This is a follow up. In our earlier post we had suggested the need of holding 738-712 odd levels.

Now on weekly charts we see dragonfly doji and then later gravestone doji both forming around 712 odd levels

The set up has a target of 758 / 805 / 820 odd levels
Keep a SL at 708

F&O Strategy that may be considered
Synthetic Long Position

Buy Aurobindo 700 Call option cmp around 45
Sell Aurobindo 800 Call Option cmp around 7

Breakeven at 738

Take care & safe trading

- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

Take care & safe trading