Auropharma trading at 38.2% filo retracement level which is at 767Rs in the Weekly chart.
It also has broken up trend channel in weekly chart.
Reversal may happen at this level. If reversal does not happen then add more at level of 675 which is fibo level of 50%.
ABCAPITAL respected fibo retracement level of 50% (109) and bounced back today at 115.
A good recovery was seen. It is currently trending in side way movement. Break out may occur above level 120 for target of 130+.