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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.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ