Auropharma is looking good short term buy stock. The stock closed above its major neckline at 536 with volume. It will remain strong above this level. Now Next Major Supply Zone @ 620-640 Zone.
Bought this stock on Friday for intraday trade, I may buy again for my short term target of 620-640.
On MTF price took support from .786 fib level & MACD divergence appeared. On WkTF, MACD divergence also followed and MACD crossover also found on DTF. Highest delivery % found near VWAP 225.34, where the closing price was 221.75. On 17.01.2020 CMP was at 221.6 which is attractive price for the accumulation and continuous bullish volumes also validating the...
On MTF price has test the previous swing high at 343, the level which appeared as strong support and close HH. Moreover it breaches the .618 fib level . Let wait for pull back the price near 373 for suitable entry. On DTF volume has also increased to breach the crucial level at 363 appx. SL can be place near 338.7 for a target of 440.
Accumulation has increased with increased volume. Price is on the verge to print upward direction after testing the low level near 317 two times and approaching 2nd time near .618 fib level , 2nd time. Entry may be made near 399, keeping SL at 388.5