AUROPHARMA Price action chart analysis Long trend


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
Target 890
Stop Loss at 725

LIVE chart of AUROPHARMA : 



Positional – Long. Waiting for breakout by infra204 on TradingView.com


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