Breakout of cup and handle pattern in Aurobindo Pharma. The stock belongs to the pharma sector, so I'm expecting less impact of COVID scenerio on the movement of this stock.
#tothemoon
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any...
A weekly breakout with 780 as a stop loss and trend can touch to 1500 levels.
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It has given rounding bottom breakout with v.good delivery on the weekly chart. It is also moving in a channel on the daily chart. It is taking resistance at the upper trendline of the channel band. ADX is confirming strength in movement. Closing above 1023 will confirm channel breakout. We can expect a breakout price movement as 1030, 1090 in the near term. Also...
NSE:AUROPHARMA
whoever waiting for big fall in #nifty coz of #corona they should be little careful here at this stage as technical saying something else. short #auro with strict sl as per harmonic pattern. to understand the science do not miss my videos.
The Pharma sector has been performing with great strength , CNXPHARMA moving 1.76% in the day showing great strength in the market , and if the global ques are looking good too then auropharma can be a good stock to watch for tomorrow as it can be watched above the level of 898.70 for a breakout opportunity and below 863.10 for a breakdown opportunity .
