AUROPHARMA
has quite a few interesting setup traits:
Please keep the SL at downtrend PoC at 445.
- In the volume profile one can see the two PoC (Point of Control) - one during downtrend - another during uptrend - placed at 444 and 474 level.
- The PoC at 474 is really interesting. Means the interest is at the sustained levels of price.
- Absolute high volume
- Uptick in Momentum (RSI).
- Price Structure - was creating LH-LL. Then last one month (since 1st week of Feb) it actually pulled up and able to deny the structure by making a High higher than previous lower-high. That denotes the end of corrective phase.
- And then price is actually inside a Darvas box since last two weeks.
- Today it seems getting out of the Darvas box with volume and momentum.
- See the two AVWAP placements :) The upper line avwap line it will touch as T1.
Please keep the SL at downtrend PoC at 445.