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malaythakkar
Apr 7, 2020 2:01 PM

AUROPHARMA Long

AUROBINDO PHARMANSE

Description

The stock has given a head and shoulder bottom breakout with good volumes. The stock can jump upto 480 followed by 510 levels.

Trade closed: target reached

Booked at 475

Trade closed manually

T2 - 510 also reached
Comments
pradeep86kj
Can we enter fresh around 500 levels??
malaythakkar
@pradeep86kj, Not recommended for fresh entry at current levels. Firstly the stock has a resistance at 515-520 levels also the rally looks overstretched now so we must wait for a throwback.
pradeep86kj
@malaythakkar, Any specific range in which one can take fresh position.
Thank you so much for taking out time and replying to my query.
malaythakkar
@pradeep86kj, Now 480 and 510 are support levels where we can add but the stock is facing resistance between 540-550 zone above this will be bullish
pradeep86kj
@malaythakkar, thank you will keep a watch at the stated levels
URF444
good analysis bro !!!
malaythakkar
@usamah40, Thanks bro!
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