Hello 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
Aurobindo Pharma a short is build up below Today's low.
Short Auropharma for level of 750/730.
A strong resistance of monthly trend line and 50 DMA is not allowing the script to go up.
Buy recommendation in auropharma making 3 time support and made hammer Fibonacci level ,indicates only correction bouncing from 2.38 level.. Buy above today's candle high.
NSE:AUROPHARMA
IT HAS BEEN CONSTANTLY TAKING SUPPORT AT 850, FROM IT CAN BEEN BOUGHT WITH SL OF 850 FOR 864, 873, AND 885
IF IT BREAK 850, THEN 840 & 830 ON DOWNSIDE WHICH IT MOSTLY WOULD NOT.
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Hi all,
Its pleasure to...
AUROPHARMA closed below 21 EMA, couldn't able to sustain higher, consolidation between 760-800 levels was seen before. however there is a widening channel which has support around 830 level. observe price action at these levels and take position.
Aurobindo Pharma Ltd. engages in the manufacturing of generic pharmaceuticals and active pharmaceutical ingredients. It portfolio includes antibiotics, anti-retrovirals, cardiovascular, central nervous system, gastroenterological, anti-allergies, and anti-diabetics. The company was founded by Penaka Venkata Ramprasad Reddy and Kambam Nithyananda Reddy on December 26, 1986 and is headquartered in Hyderabad, India.
AUROPHARMA
