Aurobindo Pharma - Facing resistance from 52 week high - Level

#AUROPHARMA is treading near to 52-week high zone and since two treading session is closing in red near to 840 level. Level 846 is a strong resistance for stock.Stock is close crossing above Upper bolinger band from above.

Showing Mix result in Technical Parameter:
CCI iin overbought zone but treading down
MACD is treading UP above 0
RSI is near and parallel to overbought zone
Stoch iin overbought zone
MFI is treading down
ATR is touching bottom
New Short position
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Support : 800 and 780
Breakdown : 826
LTP : 836.55
Breakout : 846
Short Target : 860 and 880
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Positive & Negative Point:
1) Very bullish in Daily/Weekly/monthly chart
2) NR7 and Doji candle
3) Close within 52-week high
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(Disclaimer: This is only for educational purpose and paper treading.)

Transaction en cours:

Breakdown completed.

Trade fermée: cible de profit atteinte:

Hit the support target 800 and closed on same level.