Aurobindo Pharma : Stock Can test 280-300 By Year End

Stock had a Breakout abv 195 & 

Breakout confirmation came abv 205

BUY ABOVE 205  LOT SIZE 2000  TGT 240-260 (2-3 WEEKS TIME)

 

Big Cup & Handle on Weekly Charts

 

Learning From History 

Last Time Stock has a similar breakout in 2012

 & Auro rallied 50% in no time

 

Last Week Reco here in Advance

http://trendzofmarket.blogspot.in/2013/09/aurobindo-pharma-getting-ready-for-cup.html

Stock has been On Radar of Major Brokerages 

http://www.moneycontrol.com/news/recommendations/buy-aurobindo-pharma-targetrs-260-way2wealth_961541.html?utm_source=IW_DATA_stockpage

http://www.moneycontrol.com/news/stocks-views/remain-investedaurobindo-pharma-says-tulsian_961344.html?utm_source=IW_DATA_stockpage

Verdict : Have Gone Positional Long in Stock and have been Recommending to clients since a week now & Also in Last Results Stock Saw  A good Turnaround in QoQ no's ...So Expecting a good Build up Ahead of This Quarter Results ...Who Knows , if Company Surprises the Street Again This Quarter , Stock can See a Re-Rating towards 280-300 in No time ....Techincals Showing Something Big is Coming , Hope Fundamentals don't Disappoint !!