 "The stock of Aurobindo Pharma has provided a breakout from a falling channel on the daily chart")
BUY BHARAT FORGE | TARGET: Rs 485 | STOP LOSS: Rs 450
The stock has formed a strong base and has started making a higher top and higher bottom formation on the daily chart. It has also provided a breakout from a modified head and shoulder pattern on the hourly chart. The volumes were also higher than average which also supports the breakout. The momentum indicator RSI has breached the falling trend line and MACD provided a fresh buy crossover on the daily chart which hints of further positive momentum in the counter.
BUY AUROPHARMA | TARGET: Rs 880 | STOP LOSS:
