Auropharma is at neckline Support of H&S Pattern, hence We can expect a bounce.
But I would rather accumulate this GEM from now and on every dip.
Too bad if it starts moving up :)
NO SL.
Comments
Singh_Siddz
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Again, There is a huge huge difference between Trading and Investing.
For trading, Technicals saying yes its in downtrend. But its a investment opportunity...take it or leave it. Whatever you do but dont regret it.
naizycm
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@aparn.siddz, but still wanna say....chart explained is excellent.
riyase77
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Pharma pack is weak. Avoid Pharma. Check another technical saying short pharma
naizycm
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What about usfda inspections...do you think auro don't need stoploss and start accumulating it...in future if usfda came...can it hold its support level or break it....or you think that whether usfda comes or not auro will not break its support near 600..look for wockhardt also...thanks
ssudheerbabu
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Pharma moving in the direction of lower valuation due to FDI findings , need to wait and watch .
Singh_Siddz
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@ssudheerbabu, Don't trade, cant catch the bottom. Accumulate Pharma in SIP Mode for next 3 years and then see the Magic.... Most of us regret loosing out on Cairn/vedanta and Hindalco.... Now here's the chance to make up for it... Dont loose this opportunity.. but dont buy in bulk as well. :)
kcmtv
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@aparn.siddz, really it is good opportunity sir.
Thanks sir for ur update
For trading, Technicals saying yes its in downtrend. But its a investment opportunity...take it or leave it. Whatever you do but dont regret it.