AbhishekHSinghCMT

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

Short
NSE:AUROPHARMA   AUROBINDO PHARMA
7
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
Trade active: 17:55 Hrs-IST-24th Aug2016- Auropharma ...Upper channel got breached ..look it ended almost 7% up@787.50- 50 points up.
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 - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.