Breakout happend in this stock with rising 10 and 40 week MA's and rs indicator is also showing strength.
Keep your risk and reward ratios according to your own preferance.
This is for educational purpose, do your own research before investing.
Aurionpro Solution is a stock that has been showing signs of a breakout. The stock has been in an uptrend for the past few months, and it has recently broken out above a key resistance level. This is a bullish signal, and it suggests that the stock is likely to continue to rise in the near future.
We need to keep a few scripts in radars and focus on taking...
Aurionpro Solutions Ltd., an Indian company. Aurionpro Solutions is an IT services and consulting company based in Mumbai, India. They offer a range of services such as digital innovation, enterprise security, and automation solutions. Their clients come from various industries including banking and financial services, telecommunications, and government.
Buy NSE:AURIONPRO
Buy @ 240-245
Short term : 290
Mid Term : 340
Stop Loss : 200
Note: I am not a Sebi Registered Advisor. Please Consult with your Financial Advisor before Investing.
It is on a multi year breakout in this monthly time frame. Accumulation between 175-145 could be a safe strategy with exit level of 125 for a medium term target of 350. On its way up it faces minor resistance near 240.
Do Your Own Research
This idea is not meant for short term trading, rather for medium to long term investing.
Aurionpro Solution has formed cup & handle on its weekly chart
Imp points :
1. It has made a new 52 wk high with more than average recent weekly volume
2. It has now entered into the zone which has acted as demand zone multiple times earlier
3. Long wick
And the handle of weekly chart itself has formed a cup and handle on daily chart.
Aurionpro Solution has formed cup & handle on its weekly chart to go long
Imp points :
1. It has made a new 52 wk high with more than average recent weekly volume.
2. It has now entered into the zone which has acted as demand zone multiple times earlier.
3. Long wick formation.
The handle of weekly chart is forming another cup and handle on daily chart too and...
