Auropharma chart has developed a exhaustion gap which needs to be confirmed during the next trading day. The stock has been in negatively trending for couple of weeks. Though the developed gap could not be filled on the same day, however we find slight increase in volume for the day.
If the stock trades above 554, then we might consider this as exhaustion gap. However, if the stock breaks its recent low of 544, this may develop a run way gap and head towards 510.
Suggested to keep this in watch list for the next trading session.
