Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
Health sector is not performing good recently and we cxan clearly see its effect on Aurobindo pharma which gave a clear breakdown from the trendlines.
HEY Guys 1) triple bottom 2) uptrend 3) support and resistance
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.