Since Aug2015, Auropharma had played with the important level of 680- because every time it dipped -later bounced back very strongly.
If you get any move below 680 -be careful this time as well as sellers could be trapped again because of its very nature which auropharma has been repeating since Aug 2015-going below 680 & closing above could be an early sign that bulls want to push pharma back above 700 & can extend its upside travel above 720-723 zone if sustained for the 780-800 zone.
Pushing above 720-723 zone & staying above that zone can likely continue to 780-800 zone where it faces next resistance & I shall come back again.
Turns above 680-- day's low 681- Wow! ( Atleast Intraday 10 bucks in the pocket).
Green candles I love it!!!
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ