Since nifty has gained all the momentum for now, Pharma as a whole sector is consolidating. Auropharma has made a Head & Shoulders pattern. If it breaks below 850 with volumes, consider for selling. keep target of 770.
COULDN'T FIND ANY VOLUME CANDLES IN TRADING VIEW. ELSE IT WOULD HAVE APPEARED EVEN MORE BEAUTIFULLY. 1- SMALLER CANDLES 2- LESSER VOLUMES 3- STOCHASTICS- < 20 4- NEAR A SUPPORT {PS - If no volume candles...view the heikenashi candles. It is also showing beautiful bullish reversal}
It has a strong resistance at these levels. You can buy at this CMP of 70. If it breaks down average it at 68. This is a weekly chart...only to show you the support levels. On the lower time frame of 1DAY it's showing signs of reversal. Look at my other chart for reference. NSE:KARURVYSYA
Gave a beautiful breakdown from the Head & Shoulder pattern. Possible TARGET = 83.6000 FX_IDC:GBPINR