TerranceVeigas
Long

Aurobindo Pharma Buy with a Target of 720,770

NSE:AUROPHARMA   AUROBINDO PHARMA
Stock Name : Aurobindo Pharma
Type : Swing Trade
Chart Pattern : Bullish Flag Pattern

Also, there is some pleasant news surrounding the stock, so the Stock is likely to go up and up.

SL : 620
TARGET : 720 , 770.

#niftypharma #nifty
Trade closed: target reached: First Target : 720 is Achieved

Comments

I missed this
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@ymehta50, cipla is forming similar pattern. Can give massive move too.
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What is the pleasant news Sir?
Today i took a CE at 20 Rs..then it was trading at 665 levels..since 667-670 is a hurdle, and it tested that levels 3-4 times since yesterday so I felt it would cross and took a little early entry. At day closing, the stock price was at 648 and my CE decreased to 14.85. Now I feared that further fall from 640 will lead to your SL. Can you guide what to do?
Reply
TerranceVeigas ashishhzz30
@ashishhzz30,

*Aurobindo gets VAI classification to unit 10 and 12*

:black_small_square: Aurobindo Pharma has received *VAI classification* to its Unit 10 and 12. Note that *these units were not under compliance alert, hence VAI classification is not a surprise to market*.
:black_small_square:Unit 10 is an *important site for Aurobindo's future earnings as it has 42 ANDAs under review*. This is second only to Unit 4 (46 ANDAs under review).
:black_small_square:*Unit 10* is used for filing *oral solids and respiratory products*.
:black_small_square:Another unit which received VAI classification i.e. *Unit 12 has zero pending ANDAs* and *20 approved ANDAs*. This unit has *small contribution in the revenue* and has capabilities in *antibiotics and injectable products*.
:black_small_square:This a is *positive development for the company* after its Unit 4 received clearance from the FDA.
:black_small_square:*Clearance to Unit 7 remains the key re-rating trigger for Aurobindo Pharma*.
:black_small_square:With its key plants getting clearances and US generics prices improving, Aurobindo Pharma can benefit going forward.
:black_small_square:The stock currently trades at *12x FY22E EPS*, and we will *review our the rating post the 4QFY20E earnings commentary*.

I don't recommend options in this. 620 is my sl if it hits u shud exit ur options.
Reply
NarendranR ashishhzz30
@ashishhzz30,

Dear Ashishhzz
1. Plan your trade with an entry & exit (SL / Target) before you execute that trade, to over come greed (target) & fear (SL).
2. Holding a naked option (a simple BUY of Call/Put Option) for longer time period. It is like exposing a ice cube in the sunlight... the heat (option time decay) will melt the ice cube (your premium)
Best Wishes.. for your future trading
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