AbhishekHSinghCMT
Long

Auropharma- Excitement is yet to come-Post Channel Break Upside

NSE:AUROPHARMA   AUROBINDO PHARMA
162 0 4
Last Price@856

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As per the monthly chart mentioned below- I am always excited when I find a triangle- because the move expected out of the triangle has to be thrust or a powerful move- which in this case isn't- so do we conclude that its done & auropharma             could face trouble- no because unless key levels & critical levels are in place- we should hold onto the view expected for Auropharma             .

Key Level- 775

Critical Level- 729


Once the key level & Critical level, both are protected on the downside- I still look Auropharma             could bring an excitement to the trading community by breaking above the channel & likely going into the 900 + zone.


Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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