Aurobindo
Aurobindo pharma Has given a good Breakout in daily time frame along with good intensity of Volume,
Looks like impulse begins,
One can go Long at current level or in dips with mentioned key levels in chart
Key Levels
Rsi Uptick in daily
Rsi above 60 in hourly
Macd in daily positive crossover and Uptick
Macd in hourly positive crossover and Uptick and also above zero line
Breakout candle volume
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Auropharma looks goodAuropharma saw a very good move today, a decisive move with huge volume.
Currently, the stock is trading at trendline resistance, seeing the recent price action, it looks like, the stock might see a breakout next week, or even if it saw some correction next week, it is good to buy as long as it is trading above 970 levels.
This is my personal view on the charts, please feel free to write your views on the stock in the comment section below.
AUROPHARMA long caseHello friends,
Defensive is the word you hear a lot in the market corrections.
Such one defensive stock is Aurobindo pharma.
It gave very good run up from march. Now it is consolidating.
Any brake above the black down trend line give the upside.
Let see how it plays.
Your humble trader
Kiran