Thenali_Views

Auropharma - Double Bottom - Fib Extn - Long

Long
NSE:AUROPHARMA   AUROBINDO PHARMA
Auropharma has formed double bottom at 738-740.

Also the Fib Extn with trend based has retraced the script to 742. 05 and moved the script with 23.6% 900. 05 where the stock has a strong resistance level in monthly time frame at 893.

So, if the script closes above 905 in the daily time frame, we can go for Long.

Entry - 905
SL - 735
Target - 1075

Disclaimer: Kindly do your own analysis before executing the trade.