Aurobindo Pharma: Breakout with a Long Opportunity?
Aurobindo Pharma is showing signs of a trend reversal on the daily chart. The stock has broken above a descending trendline, supported by strong volumes, signaling a potential bullish move.
Key Levels to Watch:
Long Opportunity:
If the stock sustains above ₹1,300, it offers a good long opportunity with a target of ₹1,407 in the short term. A close above ₹1,407 could open doors to further upside. Traders can consider ₹1,253 as a stop-loss for a risk-managed entry.
A decisive move above ₹1,346 will confirm bullish momentum, making this a promising setup for long-term gains.
Key Levels to Watch:
- Support: ₹1,253
- Resistance: ₹1,346 and ₹1,407
Long Opportunity:
If the stock sustains above ₹1,300, it offers a good long opportunity with a target of ₹1,407 in the short term. A close above ₹1,407 could open doors to further upside. Traders can consider ₹1,253 as a stop-loss for a risk-managed entry.
A decisive move above ₹1,346 will confirm bullish momentum, making this a promising setup for long-term gains.
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