AbhishekHSinghCMT
Short

Auropharma- Can it go for 580-590 zone next?

NSE:AUROPHARMA   AUROBINDO PHARMA
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Did you press the panic button when 895 high was made, In my first update & follow ups I wrote that Auropharma could be heading for terminal thrust above 814. Indeed, it came true & 895 became the high of year 2016.
Another update- "895-is this the end" takes you ahead why we are expecting more weakness in the stock.

As per latest update, below 704- It shall continue down move, which in last trading session it made a low of 645.

Trading Strategy
Going below 640 & holding down could put more pressure on the stock & likely to visit next support zone of 580-590 -which is "A" wave of the larger Triangle. If that zone holds a possible bounce could be witnessed

1st Update
5th Wave Terminal Thrust Above 814- Click the charts & Use "Load Bar Feature"


Top@895-Is this the end- Click the charts & Load the Bar



Beat them with your stick below 704-Click the charts & Load the Bar

Trade active: 23:30 Hrs 31st Dec2016

Last Price@670

Next Round of selling could be seen below 640 marks.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
I doubt it will go further down side Below 640 , Since all the obstacles in political/ Financial is almost over due to nearing of Budget , In Feb 2016, it went down ( I believe) due to amateur traders
I can see further downside may not cross 15 to 20 points Maximum , if it drops below that the it may make new Low in the records
Regards
Shivakumar
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thanks,
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@AMBRISH, Welcome
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wOw! that was a long journey...
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@S6, Welcome
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