AUROBINDO PHARMA LTDPanjang
Stage Analysis Stan Weinstein.
Short Term Bullish for a TP of 750 & 780. Sl Last swing low on weekly 620.
Long Term Graph is not Promising for Longs Giving Bearish Bias.
A pull back to 30 ema(Weekly) on cards, before next leg Correction. Parallelly Having 200 ema Daily Resistance near the same levels along with Long Term Monthly Trendline.
Build your Position Accordingly..
Final Note_ Do Manage Your risk (Position Sizing).So that You Can handle Short-term Whipsaws.
Happy Trading/Investing...…..
Long Term Graph is not Promising for Longs Giving Bearish Bias.
A pull back to 30 ema(Weekly) on cards, before next leg Correction. Parallelly Having 200 ema Daily Resistance near the same levels along with Long Term Monthly Trendline.
Build your Position Accordingly..
Final Note_ Do Manage Your risk (Position Sizing).So that You Can handle Short-term Whipsaws.
Happy Trading/Investing...…..
Penafian
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