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AUROPHARMA: Bullish Flag Breakout

Long
AUROBINDO PHARMA (NSE:AUROPHARMA)  
TradingSutra  
NSE:AUROPHARMA   AUROBINDO PHARMA
Trend Analysis Flag Beyond Technical Analysis auropharmalong auropharma-trading auropharmabuy stockstowatch stockstobuy stockmarketanalysis stockmarketindia Technical Analysis
4
0
trendanalysis flagpattern beyondta auropharmalong auropharma-trading auropharmabuy stockstowatch stockstobuy stockmarketanalysis stockmarketindia technicalanalysis
Stock is has formed a bullish flag pattern on 4H chart being the support region near 455 zone & resistance area at 474 zone. Any sustained move above the level of 475 will lead the stock towards 500/520/560 in a very sharp upside rally.

Trading strategy:

Buy on cmp 473-74 with SL of 455 and look for the immediate target of 500 and later 520/560. The measured bookish target for the bullish flag is coming about to be in the region of 560.
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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