Buy on a closing above green line...Sell below on closing below the Red line.
Im personally bullish on this stock so wait to buy above 785. Targets can be 862 887
A strong closing below the red line may take the stock to 650 levels so watch out.
Buy AUROPHARMA after triangle breakout above 790
T1: 827
T2: 895
T3: 985
SL: 752
Aggressive traders can go long above 746 for same targets with strict SL below 718
Earlier it was recommended to buy it from 525-30 levels for targets till 794, Refer Chart below. On Weekly Timeframe it gave trendline breakout and now retested it. It can be long for target as shown in chart. Keep SL below yesterday's low. Its purely positional views as it has been seen people taking intraday trades on these trades. Intraday levels are very...
Stocks seem to be making a round bottom formation over the year and breaking out of this pattern.
Buy with a stoploss of 671 Target of 409 718. Longterm targets are 940.
AUROPHARMA has been bouncing between the suppot/ resistance levels which surprisingly are equidistant. Approximately 90 points, give n take a few.
over the years its been respecting these levels. Currently testing another such level, awaiting for a breakout/reversal.
With Pharma Index already broken out from trendline. I found Auropharma fundamentally the best company in the sector. Technicals are also good and if breakout of inverse H&S happen immediate target would be 710, short-term target 880 and 1200 would e target for 1 year.
AUROPHARMA SHORT TRADE(IF PENNANT BREAKOUT DOWN)
AUGUST FUTURES
SHORT AT THE BREAKOUT OF THE PENNANT AFTER
2:30 THE BAR WILL BE COMPLETE A BREAK BELOW
THE SUPPORT LINE OF 684 IS A GOOD INDICATION
SHORT@684
STOP@590
TARGET@666
LOT:1000
QTY:2
AUROBINDOPHARMA breakout the trend and retest zone mention the chart keep watch the trade before entering the trade
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
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