Auropharma: – Aurobindo Pharma stock price is up by 16.75 points or 2.36 % to 726.30 in today’s trading session. The stock price is trading in a broader range of around 140 points since 6 Sep 2018 to till date. The trading range has support at 690 level and resistance placed at 830 level. In today’s trading session, it is the fifth time the stock price bounces back from the support line after testing it.
On indicator front, RSI at 36.39 near the oversold zone. In addition to this, we have also witnessed some buying interest in the stock. The stock price if continuing to hold above the support line may test the upside of 770-830 in the short to medium time frame.
Moneyites.com recommends buying the stock at 726.00 and accumulate more near 710 level with a stop loss of below 690 for the upside of 770-830 level.
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