Technical chart analysis of AUROPHARMA
Auropharma shows strong indication of a Long trend. It has clearly in uptrend in weekly chart.
Before entering to the trade, It would be better to wait for breakout from current resistance line.
lets have a look at the charts in different time frames.
AUROPHARMA Monthly chart
You can see it is returning from a pull back. More than 2 months it was giving green candles in Heikin Ashi charts. Clearly an indicator of a long term up trend.
AUROPHARMA Weekly chart
Weekly chart gives a better perception that it has broken weekly resistance line long back. It has been in up trend for 8-10 weeks. Lets find out is it a good time to enter by checking the daily chart.
AUROPHARMA Daily chart
Daily chart shows a slight consolidation period. Even though it is almost at the end of consolidation and ready for next rally. If there is no fundamental blows or bad news, we can expect a nice long rally towards 890 to 900 range.
Expected entry for long will be above 770
Stop Loss at 725
LIVE chart of AUROPHARMA :
Positional – Long. Waiting for breakout by infra204 on TradingView.com