Aurobindo Pharma: Bullish SetupNSE:AUROPHARMA has quite a few interesting setup traits:
In the volume profile one can see the two PoC (Point of Control) - one during downtrend - another during uptrend - placed at 444 and 474 level.
The PoC at 474 is really interesting. Means the interest is at the sustained levels of price.
Absolute high volume
Uptick in Momentum (RSI).
Price Structure - was creating LH-LL. Then last one month (since 1st week of Feb) it actually pulled up and able to deny the structure by making a High higher than previous lower-high. That denotes the end of corrective phase.
And then price is actually inside a Darvas box since last two weeks.
Today it seems getting out of the Darvas box with volume and momentum.
See the two AVWAP placements :) The upper line avwap line it will touch as T1.
Please keep the SL at downtrend PoC at 445.
