aritraghosh09

Resistance crossed. Possible upside till at least 815.

Long
NSE:AUROPHARMA   AUROBINDO PHARMA
AUROPHARMA has earlier proved to have a great support at this level. This was broken and it went doen till 650. In the last week this stock has gained 100 a piece. It crossed the earlier support with good momentum. This might be a good time to go long and buy. To be safe it would be ggod to stop loss if it goes below the line. A stop loss below 725 would be good. I would suggest a target of 815. If you are too optimistic, you can go further depending on the momentum and volume then. This may go even further. But it is good to book profits at 820 since there has been some resistance earlier.