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AshishChauhan_AlgoTrader
Nov 15, 2016 5:20 PM

Auropharma- What's Next ? Short

AUROBINDO PHARMANSE

Description

AuroPharma is at support 727-728, if it breaks down that support and goes below 725 then we can see a downfall towards our trendline marked in chart & it can target 700 and below keeping in mind that it should not break 742 on the upside.

Trade active

Auropharma did 698. out tgt towards down was 700, hit almost on dot..

Comment

Auropharma closed @ 711 and not able to cross the support line which had now become resistance for it. Tried to cross with 3 candles but not able to close above it after the bounceback from 698 level.
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