Stock Name : Aurobindo Pharma
Type : Swing Trade
Chart Pattern : Bullish Flag Pattern
Also, there is some pleasant news surrounding the stock, so the Stock is likely to go up and up.
SL : 620
TARGET : 720 , 770.
Using the Alan Andrews pitchfork that predicted the highs and reversal for nifty quite accurately we can see ourselves heading 12400 to even 12500.
Expecting the biggies to create a dip in December till 11800 and then continuing the rally till budget and after budget a strong correction.
Post the finance minister’s announcement the trend has changed to short term bullish. Hence this rally is likely to continue until budget announcement. So buy if you see nifty at 11800 or 11750 levels.