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AURO PHARMA this buzzing stock has again fallen to buying zone.after buzzing few days back just after good quarterly result profit taking has brought down this stock from target 3 to target 1. which happen to coincide with its 20 dma,perfect buying zone right? only one factor restraining me,few days ago went through one report published in a reputed web site that us fda again going to be stringent again. well after all , this stock is in perfect buying zone technically. don't forget to like my post. follow me to get stock ideas
NSE:AUROPHARMALong
by bijoy2526
2
AURO PHARMA IS CONTINUOUSLY TRAPPING BEARS SEE HOW? Hi Traders / Investors. In my last statements for this chart What i shared is mentioning for your consideration. " if strong bears entered at red channel top then price should move out of green trendline if weak then this area will provide support at green line." You can see inspite of activated shooting star circled in pink last week price should breach red and green dotted trendline which did not happen because of weak bears entry. And again touched upper end of channel. But one thing is good that activated shooting star is now converted into exhaustion sign of move. since the inception of this move the volume are in declining side . It means this move is just trapping game by weak bulls not by smart money. you can see I showed the trap move of bears in yellow arrows. So sooner or later It has to come down . For this stock has to break first red dotted line and then green . A very strong zone will be the ultimate target of this down fall. After that what will happen that i will discuss in next week. Till then let market play his game. We know know almost what will happen. YOGESH VATS Note :- All decisions of trading and investing should be taken with the consultation of your financial planner.
NSE:AUROPHARMAShort
by yvatsji
2