Aurobindo Pharma seems to be in leg C of ABC correction.
Minimum target to the downside is of 61.8% (1014).
SL is above 1152
Comment:
Yesterday's price action indicates that the stock could start a correction, although a close below yesterday's low (1147) is needed for confirmation.
Will be on the lookout to see if it's Wave C or just a minor correction.
Will keep you guys posted
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Will be on the lookout to see if it's Wave C or just a minor correction.
Will keep you guys posted