prabakaran62

AURO PHARMA - CAUTION LONG at Higher levels till Clears 792-805.

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NSE:AUROPHARMA   AUROBINDO PHARMA
AURO PHARMA- Scrip til clears 792 - 805 zone decisively, one should avoid long at Higher levels since this will result in Lower top ,
lower Bottom continuation and the possibility of falling back to 695 can't be ruled out.

At the same time , the move from 695 to 792 looks like IMPULSE 5 wave move.It is advisible to wait for FR levels of this Rally
and look for support near 50% or 61.8% FR levels with strict SL below these levels on closing basis.
If finds support at any of these levels , then chances of breaking above the Resistance zone 792 - 805 and further highs can be expected.
Till clarity emerges, one should avoid short near FR Support levels and also avoid long near 785 to 792 Zone.

NSE:AUROPHARMA

Note: I am not a Qualified Technical analyst. Please do your own analysis before taking any Investment decisions.


























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