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AUROPHARMA

Aurobindo Pharma: Bullish SetupNSE:AUROPHARMA has quite a few interesting setup traits: In the volume profile one can see the two PoC (Point of Control) - one during downtrend - another during uptrend - placed at 444 and 474 level. The PoC at 474 is really interesting. Means the interest is at the sustained levels of price. Absolute high volume Uptick in Momentum (RSI). Price Structure - was creating LH-LL. Then last one month (since 1st week of Feb) it actually pulled up and able to deny the structure by making a High higher than previous lower-high. That denotes the end of corrective phase. And then price is actually inside a Darvas box since last two weeks. Today it seems getting out of the Darvas box with volume and momentum. See the two AVWAP placements :) The upper line avwap line it will touch as T1. Please keep the SL at downtrend PoC at 445.
NSE:AUROPHARMALong
by pradipandsuvra
1
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = Auro Pharma Time Frame = 1 Day
NSE:AUROPHARMALong
by Jainshashwat