Trade_with_yash

Auropharma From 5 July 2020

NSE:AUROPHARMA   AUROBINDO PHARMA
Stock has been going up month by month approaching very strong monthly resistance zone

monthly uptrend max change possible 25% === > july opening 771 --- > 771 * 1.25 = 963 ( above monthly resistance ) not possible

support area --- 665 --> 752
resistance area -- 830 --> 890

chart pattern decreasing pennant type pattern forming ( higher lows and lower high forming in 15 min time frame )

Possibilities -->
1. breakdown towards downward --- > then support area becomes active
2. breakout towards upwards --> then resistance area becomes active .

currently no strategy can be formed
MFI also showing exhaustion of long investor

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