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Auro Pharma looking a good buy for short to medium term. Buy above 770, Target 870 & SL 765 CB
#AUROPHARMA has taken support around 665 and is on verge of downward sloping trendline breakout above 765-768 zone.
AUROPHARMA has formed double bottom formation on daily chart. Expect bounce back to 715. below 665 is negative for the stock.
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.
Stock trading at 610 looks good for 630 levels stop 600. Double bottom type situation .
There are three potential harmonic patterns setting up on AUROPHARMA. Let's wait and see which one gives us profit.
1)Excellent company in Pharma space.
3)Operating profit, sales, growth are consistent and > 20%
Key note--> Every dip is the opportunity to accumulate this stock
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 ...
as we can see that there are couple of dojis in overbought area and bearish divergence add to it and i will prefer to short the stock
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
The price action is forming new highs and higher lows for a while that indicates buyers dominance which is taking up the prices higher. Now, I believe the prices shall reach to previous high at 888 or the resistance where sellers might enter into markets again and then the fight of dominance shall shuffle.