AUROPHARMA

8 дек. 2021 г.

This stock has given good breakout of double resistance trendlines along with good intensity of volumes, all other indicators are also suggesting for upside, one can go long at current levels or in dips (if any) with mentioned stop loss and targets on chart.
wave structure could be like this

key levels are mentioned on chart

breakout with good intensity of volume

chart pattern inverted head and shoulder neckline breakout

macd in weekly positive crossover and uptick

macd in daily positive and uptick

macd in hourly positive and uptick above zeroline

rsi in daily uptick and b/o

rsi in hourly above 60s and 70s

adx dmi in hourly

upper bollinger challenged in hourly


Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses