auropharma for breakout

Nov 2, 2020

Stock in triangle formation ,downtrend.
close to 200 EMA.
Watch for break out upside or downside.

Nov 2, 2020

Note

Breakout should happen around results (5th Nov )

Nov 6, 2020

Note

6 nov -no change in volumes RSI in weak zone MACD still negative . stock still inside triangle. (Results and dividend declaration on 11-nov )If stock breaks trendline with volume grater than average . Short trade can be initiated till results for tgt of 820 and 840 .Stock still under 50 ema .better is to hold buying till results.

Nov 11, 2020

Note

11 nov-stock breaout above tendline . Next hurdle 840 . Once 840 crosses then 900 -940 tgt.
12 Nov to have green candle to go long for 900 tgt.

Nov 12, 2020

Note

Stock near 840 which is first resistance . High volumes, strong candles. go long and add on retracement

Nov 12, 2020

Note

RSI crossed 60 so momentum strong MACD abt to cross 0.

Nov 16, 2020

Note

14 nov-can add more to existing long for 900 tgt