KingJB76

AUROPHARMA : Wait for tomorrow's reaction from today's closing

NSE:AUROPHARMA   AUROBINDO PHARMA
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AUROPHARMA tested and tried to break above BLUE falling wedge resistance but failed. And hence fell to test the PINK falling channel and break below it to test 706 levels intraday.
Tomorrow, if it moves up from the current closing level of 708.45, it will test 715-16 and we have to see the reaction there.
If it breaks and sustains above 715-16 then it will touch 720-21. Else if it fails to sustain then it will fall again to see 706 levels and break below it.

Trade active: AUROPHARMA has broken out of the falling wedge and falling channel for the upside. It now has to move & sustain beyond 736 to go up to 745-750 levels. If it does not then it will again test 730-725 levels.

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