R_A_G_A_S_J

AUROPHARMA

Long
R_A_G_A_S_J Updated   
NSE:AUROPHARMA   AUROBINDO PHARMA
* On the daily chart stock price has decisively broken out from its multiple resistance zone of 822 - 830 levels on closing basis and sustaining above the same.
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead.
* The daily as well as weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price is sustaining well above its 20,50 and 100 day SMA which supports bullish sentiments ahead.
* The above analysis indicate an upside of 864.50 - 881 with stop loss 800
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Trade closed: stop reached: Stop loss hit.

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