Testing its multiple supports placed around Rs.684 (38.2% FR, dual moving averages), should give a bounce to at-least 751. Above 751, it can then retest the high of 793.
Close below 582, TGT 555. SL 587(Closing Basis)
Disclaimer: I am a novice at charting and the chart is only for educational purpose. Views and opinions are welcome.
Fundamentals-
1)Excellent company in Pharma space.
2)Good earnings.
3)Operating profit, sales, growth are consistent and > 20%
Key note--> Every dip is the opportunity to accumulate this stock
CMP-671(22nd Feb'2017)
1st target-850+(6 months)
Disclaimer : I am a private trader who is just expressing his views. These are just my opinions and i am not giving any...
Auro Pharma is bearish counter, this stock is trading with in the Big Candle
It is giving response to the supply line. so it will go up to big candle low.
if it is close below this low 698 break if this candle, heavy selling may be seen in this counter.
next target is swing low 615 is possible.
wish u happy trading and enjoy this trade
Aurobindo Pharma Ltd. engages in the manufacturing of generic pharmaceuticals and active pharmaceutical ingredients. It portfolio includes antibiotics, anti-retrovirals, cardiovascular, central nervous system, gastroenterological, anti-allergies, and anti-diabetics. The company was founded by Penaka Venkata Ramprasad Reddy and Kambam Nithyananda Reddy on December 26, 1986 and is headquartered in Hyderabad, India.
AUROPHARMA
