wcolt
Long

AUROBINDO LONG Harmonics

NSE:AUROPHARMA   AUROBINDO PHARMA
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If you've drawn the Cypher Pattern, then you've drawn it wrong. As per my knowledge, the BC leg should be 127.2 extension of leg XA that does not close above the 141.4 extension. In this case, the price never touched the 127.2 extension invalidating the pattern. Do correct me if i'm wrong.
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If the stock breaks 651 on closing basis then it will fall to 522, but the company is doing well and pharma sector has bottomed out this stock will be safe bet when market is about to correct I think day traders can have a SL at 660 for targets 680 - 696 - 710 and close above 730 will take the stock to 800+ levels. Good selection of stock - keep posting thanks . GBU
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