Long Term trend Changed to downtrend. Broke and retest the channel. Now at a price point which will act as a resistance from long term trendline, along with a medium term trendline. Expecting a breakdown of the support.
Trendline broken and retest done. Wait for Impulse on Downside and enter short trade.
In Medium Term - Auropharma is making a Flat channel with resistance around 825 and support at 701. In Short Term - Auropharma is bouncing off Support Level of 762. One can buy on the break of Flat pattern above 776 for a target of 791 and 825. SL should be kept around 760
Look to go long as close as possible to the trendline for a target of 1469.
Looking to go long on Ajanta Pharma around CMP, Target 806 and continuation after a small consolidation for a final target of 892. The Stock is moving up after making double bottom around 700 odd levels.
Expecting ACC to go down to 1387 and then rise to 1530, followed by a massive Breakdown.
Possibility of hitting 570 and falling to 480 odd levels