BharatJhunjhunwala

Visible strength above 485 closing basis.

Long
NSE:AUROPHARMA   AUROBINDO PHARMA
Auropharma was into a sideways zone since last few weeks. In the last session an attempt has been made to break above the zone. 480-485 levels will serve as near term resistance above which the stock can move up to 560 zones comfortably, the next supply area is placed there. The RSI has maintained itself well into the bullish levels,also the MACD have turned positive. All the above indicators are setting up positive bias for the stock.

Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com
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