AbhishekHSinghCMT
Short

Auropharma- What a fall...770 to 730-What Next?

NSE:AUROPHARMA   AUROBINDO PHARMA
70 views
7
70 0
Moving Exactly in channel as shown in previous update- Auropharma had a good fall from 770-730 in last few sessions.

Let is fall further & Take Support of A-C Trendline & wait for price action to see the bounce- once confirmed -that will be green signal to go long or wait for the channel to be breached on upside- in that case hold to see whether recent low is taken out or not- in that case -one can go long for upside targets.

Regards,
Abhishek H.Singh, CMT
Aug 24
Trade active: 17:55 Hrs-IST-24th Aug2016- Auropharma ...Upper channel got breached ..look it ended almost 7% up@787.50- 50 points up.
Aug 25
Trade active: 09:00 Hrs-IST-26th Aug2016- Auro pierced the channel -Started moving up- It was an excellent buy call. Last Traded at 789. Be careful -Trendline Falling from B-D can give resistance - or another strategy going above D-Wave high@814 - can be bullish
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out