The AURO buy signal was triggered based on the MRV1 setup at RM0.170. The target is a 20% increase to RM0.210, with a stop loss of RM0.150. This is expected to take 2–3 months due to the signal being based on the daily timeframe. Resistances are seen at RM0.195 and RM0.240. Support is seen at RM0.145. **This is for discussion purposes only and is not a buy/sell call**
AUROPHARMA - At Multiyear Resistance 790-820 is the crucial resistance for the stock. Structure of the stock is still positive , hence wait for further price action to unfold, because resisting these levels can trigger a selling in the stock and also on the flip side break above these levels, can initiate fresh buying in the stock. My keeping this stock on my radar.
Auro Pharma seems to be starting a healthly uptrend. It's under consolidation now. Going long upon the upper trendline break could be a good idea. The safest entry would be on the break of the topmost trendline.