Aurobindo Pharma Limited is a pharmaceutical company. The Company is engaged in producing oral and injectable generic formulations and active pharmaceutical ingredients (APIs). Its product portfolio is spread over seven therapeutic/product areas, including antibiotics, anti-retrovirals, cardiovascular, central nervous system, gastroenterology, anti-allergies and anti- diabetics.
Technical outlook on AUROPHARMA – Stock is looking strong on its daily and weekly charts. CCI and RSI are also supporting the trend. MACD is giving buying crossover.
Strategy for traders: One can go for Buy in AUROPHARMA above the level of 677 for the TGT of 697 with the strict Stoploss below 680.