AUROBINDO PHARMA
- AUROBINDO PHARMA has witnessed selling pressure from its golden ratio resistance as show in graph no 1. Chart indicates once Aurobindo Pharma closes above and stays above 746 it will favor bulls, stock is also facing trend line resistance as shown above.
- Intraday close watch once stock starts trading above 746, if starts trading above 746 with volume then intraday action is expecting from bulls. Close Watch.
- Suggested Reading - Apollo Tyres facing support around 164.50, selling expecting if closes below.
- Chart also indicates stock is moving up from strong trend line support zone and also from 100 days moving average, as long as trades above stock to favor bulls.
- Aurobindo Pharma major trend indicators like MACD and stochastic oscillator is moving in a positive zone, this indicates stock to move up as long as they are positive as shown in graph no 3.
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