Double Bottom on Daily chart . RSI at 31.45 Near long term support. Buy for target of 675 Stop loss below 600
Aurobindo Pharma has been trading in down trend and at its long term support,stock may see upside movement from this level to channel resistance around 655 in near term.
CMP - 703-704 ( fluctuating ) Target - Hold till end of day, ride trend SL - 700
Aurobindo Pharma has been trading in down trend but it closed with bullish sign making a bullish hammer, traders may enter long up the channel resistance of around 720 and this level is crucial and channel breakout is possible as it has already tested the log term support.
The price action is forming new highs and higher lows for a while that indicates buyers dominance which is taking up the prices higher. Now, I believe the prices shall reach to previous high at 888 or the resistance where sellers might enter into markets again and then the fight of dominance shall shuffle. TargetL 888 Stoploss:836
Waiting for Seniors Comment on this chart. Thanks.
I'm of the opinion that AUROBINDO will fall. As long as it stays below 757 we could see 730 Levels.. SL= 777*****************************************************************8