AURIONPRO SO­LU­TIONS

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Can I en­ter Aurionpro for av­er­ag­ing at the cur­rent lev­els?

- Ra­jesh Ku­mar J

AVOID AURIONPRO SO­LU­TIONS FOR NOW, EN­TER ON CLOSE ABOVE RS 166.60

Aurionpro is cur­rently trad­ing at Rs 153.95. Its 52-week high/low stand at Rs 252.88/Rs 135.55 made on Jan­uary 4, 2018 and Oc­to­ber 25, 2018, re­spec­tively. The stock gave a shoot­ing star pat­tern, along with a swing high at its 52-week high level. There­after, the stock cor­rected form­ing a de­scend­ing tri­an­gle pat­tern on the daily time frame. It at­tempted a break­out at Rs 211.50 level on Au­gust 3, which turned into a whip­saw. The stock gave a sharp fall af­ter re­treat­ing and breached the tri­an­gle pat­tern hit­ting a low of Rs 137.10 on Oc­to­ber 5. The stock holds a mul­ti­ple bot­tom at Rs 139-140, but the low vol­umes and RSI much be­low 50 sug­gest lack of mo­men­tum. We sug­gest you to avoid and en­ter on close above Rs 166.60.

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