a double bottom base of 5 weeks. its a 2nd stage base so buyable. you can call - undercut and rally or wyckoff's spring its near all time high.
MA undercut & rally. strong prior uptrend. good above 161. volume dry up. wyckoff's spring.
Not a trading or recommendation advice. Low Risk trade with SL @ around 305.
Notes on the chart.
This is my third post on Auorobindo. Refer and for previous posts. Last time I reviewed the stock it was hovering below 600 levels. The situation has improved a lot since then. As I stated in my first post that 580 would be a key level for the stock, the stock tested this level once and bounced higher to 617. Then it retraced where I posted a base building...