AUROPHARMA - CMP: 993

It has given rounding bottom breakout with v.good delivery on the weekly chart. It is also moving in a channel on the daily chart. It is taking resistance at the upper trendline of the channel band. ADX is confirming strength in movement. Closing above 1023 will confirm channel breakout. We can expect a breakout price movement as 1030, 1090 in the near term. Also overall channel breakout target as 1250.