Aurobindo Pharma Holds the higher level

AUROPHARMA_logoWhen all the stocks in the broader market goes down, there are few stocks such as Aurobindo Pharma Limited is holding the higher levels. It is currently trading just less than 6% from it is 52 weeks high of 861.55 where Nifty 50 is trading just a percentage away from 52 weeks low.

In the three line break chart, the stock is also showing reversal pattern after going down by 4-5% over the two months period. It has potential to make new High, if it takes out 850 with reasonable volume.

Auropharma is showing trend reversal in three line break chart
Auropharma is showing trend reversal in three line break chart

Friday the stock went up by 0.58% and in the future the stock has added 70000 shares in the open interest. Same on, Thursday the stock went up by 2.25% and added 5,92,000 shares open interest in the December series.

Muthuraj Paulraj

Passionate about investing and trading in Options.