CMP - 856
The Price is at levels which was earlier resistance, and the same level has been retraced and should take a bounce from these support levels, keeping an SL of 845.
The Risk to Reward Ratios seem very favorable for an Target of 880/960.
after buzzing few days back just after good quarterly result
profit taking has brought down this stock from target 3 to target 1.
which happen to coincide with its 20 dma,perfect buying zone right?
only one factor restraining me,few days ago went through one report
published in a reputed web site that us fda again going to be stringent again.
well after all ,...
Auropharma can be seen consolidating between the support and resistance.
me personally looking for long trade after the resistance @ 881
with a stoploss of 853 with very less quantity, always try to keep the quantity low as the markets nowadays due to covid-19 any new's can make or break. avoid large Quantities."Little Profit is better than Higher Losses"
Let's...
This Stock is in an UpTrend for past days . 50 EMA is still remains above 200 EMA by crosses up. Price level 890 have a comparatively high number of #openinterest #calloption , so this price range will act as a #Resistance , but I repeat that this resistance will be very weak. And 860 price level have comparatively high number of #openinterest in #putoption , so...
target 3 today missed by some points.
expecting it to touch today .
how ever today's red candle indicates it may decline.
in case of positive result it may bounce.
please go through my previous charts of auro pharma,
those who had followed it must have gained handsomely.
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