AUROPHARMA tested and tried to break above BLUE falling wedge resistance but failed. And hence fell to test the PINK falling channel and break below it to test 706 levels intraday.
Tomorrow, if it moves up from the current closing level of 708.45, it will test 715-16 and we have to see the reaction there.
If it breaks and sustains above 715-16 then it will touch...
On the verge of a breakout on Daily Chart.
Closing above 660 will make it see 690 levels soon.
However, closing below 650 may take it to 635-30 levels.
On watchlist for now to see which side it moves in coming days.
RISING WEDGE (on 45mTF)within a larger FALLING WEDGE (on DailyTF), however, broken out of the Falling Wedge.
If tests 86.05 and retraces then can open a long trade at 86.5 for a T1 of 89.10 positional
If breaks below 86.05 then can test 83.35 and we should see its reaction at this level. If retraces, upmove again till 86.05. Else,...
JUBLFOOD is working itself upwards in an ascending channel.
In order to test the upper resistance of the channel, it has to break above 1357 & 1374.
If it has to retrace and test the lower support from today's levels, it has to break down below 1330 & 1315 leading to a fall to 1272 first.
INFY is working along in an ascending rectangular channel currently.
For it to follow this along, it will find support at 724/716 levels. If it respects the support, it will retrace up back to 726 first, else break down lower.