Mayur_Undale

Auropharma Sell - H&S downward pattern

Short
NSE:AUROPHARMA   AUROBINDO PHARMA
Auropharma Sell - H&S downward pattern. Target 353.
Trade closed: target reached: Target achieved on 13 March. Auropharma opened lower at 340. 13 points below the target.

Comments

Whats ur view on it now ?
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Mayur_Undale patelamit16
@patelamit16, Hi Amit. Firstly sorry for the late reply. I hope that Auro pharma doesn't fall below 250. It didn't participate in the pharma rally on Friday 20th March when Cadilla, Cipla, Lupin, Biocon, Dr Reddy's Lab, Divis Lab & Ipca labs were growing. It was almost flat. There is a lot of uncertainty in the market. Frankly, it is impossible to find bottom in any stock and even index. If nifty falls to 7000 and below, then expect Auro pharma to fall sharply to the levels below 250. Don't search for the bottom in Auropharma. If you want to add then keep adding 15% amount of money that you want to invest in Auropharma after every 15% fall in the price.
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patelamit16 Mayur_Undale
@Mayur_Undale, WHATS YOUR VIEW ON AURO NOW DOES BOTTOM IS BEEN MADE @290?
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so at what price shall we start accumulating this stock for long term?
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