Aurobindo Pharma Wave analysis
WAVE 1 - Bullish Wave - 395 to 483 = 88
WAVE 2 - Corrective wave - 483 to 444 = 39
WAVE 3 - Bullish wave - 444 to 564 = 120
WAVE 4 - Corrective wave expected from here - 120 X 0.33 = 39.6 which is 564 minus 39.6 = 524 Target
At resistance now
Daily RSI : 85 Over bought
Purely technical
for shorters with stop loss at 570 short for target 524.
for long , Buy at 530 - 536 levels.
Nonetheless script is good for long-term
WAVE 1 - Bullish Wave - 395 to 483 = 88
WAVE 2 - Corrective wave - 483 to 444 = 39
WAVE 3 - Bullish wave - 444 to 564 = 120
WAVE 4 - Corrective wave expected from here - 120 X 0.33 = 39.6 which is 564 minus 39.6 = 524 Target
At resistance now
Daily RSI : 85 Over bought
Purely technical
for shorters with stop loss at 570 short for target 524.
for long , Buy at 530 - 536 levels.
Nonetheless script is good for long-term