With pharma stocks in great momentum. Almost every pharma stock has given a good range breakout on friday's session. A strong OI and volume suggests that the momentum will continue for the upcoming sessions.
Auropharma is in great momentum and has given a range breakout with good volumes, supported with strength in RSI (>60).
PREVIOUS RESISTANCE LEVEL (KEY LEVEL): 900
A strong OI in this stock suggests that bullish momentum will continue and the previous resistance may be taken out in upcoming sessions.
Wait for the right price action.
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!
Auropharma is in great momentum and has given a range breakout with good volumes, supported with strength in RSI (>60).
PREVIOUS RESISTANCE LEVEL (KEY LEVEL): 900
A strong OI in this stock suggests that bullish momentum will continue and the previous resistance may be taken out in upcoming sessions.
Wait for the right price action.
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!