Auropharma-Auro with X- factor drug! 624 - 600 & Boom-What Next?

12:49 Hrs IST 7th May 2018

Last Price@620

Day High@621

The Rally from 544 lows to 653 highs looks choppy to upside & corrective in nature-holding 600-605 zone as important support zone -if starts moving above 605 we shall look for 620-624 as next upside target & crossing above 624 - we shall look for 645 - 665 - 710 - Holding 700 & above we shall look for 730-740 zone.

Getting a chance later in the zone 605-607 as interim support can be an opportunity for next up move in repeated fashion.
Note - No buying trades below 605

27th April 2018
Looking for a slip below 624-620 to 600-605 zone giving us 15-20 odd points & holding 600-605 zone -expect a bounce.

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Auropharma - All Related Analysis of Auropharma has been put in sequence below. Fall from 895 to 500 & Interim Analysis has been put for reference.
Trade active: 13:52 Hrs 7th May 2018

Last Price@624

On 624 ---------------that was lovely move from the bottoms of 600-605.

Trade active: 13:56 Hrs 7th May 2018

Last Price@622

Holding 624-625 zone upside - we shall look for 615-617 zone next & below 615 for 610 & 605-607 as interim targets.
Any support in 615-617 zone can be opportunity to push upside for 624-645 later.

Trade active: 14:13 Hrs 7th May 2018

Last Price@622.50

Recent High@624.75

Turning down from 624-625 could be nothing less than a miracle.

Trade active: 14:41 Hrs 7th May 2018

Last Price@621.50

Do not hold your position above 625 which is key level upside. Crossing 625 -obviously -you should avoid taking sell positions.
We got 2-3 times opportunity to sell in 624-625 zone indicating that 625 is important level.

Thanks & have a lovely day ahead.
Trade closed manually: 13:47 Hrs 8th May 2018

Last Price@617.55

Day Low@615.30

Closed ----------------------------Bye -------------- Enjoy!
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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