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AUROBINDO PHARMA Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock closes above its golden ratio resistance, further strength expecting once stock closes above 786.50. (Updated On 14th August 2014, Thursday).


AUROBINDO PHARMA




  • As per previous report published on AUROBINDO PHARMA, stock a strong bull rally after breaking its resistance of 746 and after that stock made a high of 778. (Click here to see previous report published on Aurobindo Pharma).
  • Now daily chart indicates stock is trading above its golden ratio 61.8%  fibonacci retracement resistance, as long as stock trades above it will be favored by bulls. And on upper side stock will find next strong resistance around 786.50 its previous top as shown in graph no1. Chart indicates once stock closes and stays above 786.50 then further strength is expecting for next 1-2 trading days.
  • Daily chart also indicates that stock is moving up from strong trend line and 100 days moving average support, as long as stock trades above it will be favored by bulls. Even stock major trend indicator like MACD and Stochastic Oscillator is moving in positive zone, this indicates stock to favor bulls as long as they are in +ve zone.
  • If stock closes and stays above its previous top of 786.50, then will find next strong resistance around 872 its 161.8% fibonacci retracement as shown in graph no 3. Close Watch.
  • Click here to see all the free trading reports (tips) published by us on AUROBINDO PHARMA
  • Free intraday tips for tomorrow.

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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.