Tradilife
Long

[Positional] Auropharma Next Leg Up or Consolidation?

NSE:AUROPHARMA   AUROBINDO PHARMA
Pharma has been the leading sector in this rebound after march lows. Many pharma comapnies are trading at all time highs.
Donald Trump announced "Buy American First" order on friday signalling in house manufacturing and curbing drug imports mainly from china.
India could benefit from as Indian companes have a significant presence in USA.

We will anyways see how it unfolds in time.
Lets see Auropharma . It has tripled from march bottom and still going strong. Weekly close is above last ATHs.
This may be a start of a longer term up trend for auropharma .

Buy above 920 with stop at 850

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