TRADE IDEAS AUROPHARMA
Hello friends here I am publishing a trade idea on Daily chart of Aurobindo Pharma first of all I must say that it is a simple trading idea only based on price action for the beginners like me and I only plotted 200 EMA on this chart for indicators, So as we can see after a consolidation in Parallel Channel it is breaking a strong resistance after breaking channel resistance too and poised to go up from here for the next resistance are identified as trade targets son the basis of these observations I am sharing mine ideas below
IDEA ONE-: After break of resistance it can take a resistance of it's 200 Ema which is nearly about 506 levels and came down for a retest of resistance and will go up Target 1 and Target 2.
IDEA TWO-: After completing the idea one and after done of Target one it came down and retest the Breakout resistance and will go for the Target 1 and target 2.
IDEA THREE-: It can go straight to targets Target 1 and Target 2 (less probability).
STOP LOSS-: Stop loss must be a day close below the Parallel channel Resistance which is about 479 levels.
Trade Idea ignored if we will not get a day close above of 492 present Resistance.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
IDEA ONE-: After break of resistance it can take a resistance of it's 200 Ema which is nearly about 506 levels and came down for a retest of resistance and will go up Target 1 and Target 2.
IDEA TWO-: After completing the idea one and after done of Target one it came down and retest the Breakout resistance and will go for the Target 1 and target 2.
IDEA THREE-: It can go straight to targets Target 1 and Target 2 (less probability).
STOP LOSS-: Stop loss must be a day close below the Parallel channel Resistance which is about 479 levels.
Trade Idea ignored if we will not get a day close above of 492 present Resistance.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
Note
TAKING RESISTANCE NEAR 200 EMA, BUT OVERALL GOING GOOD IN BEAR MARKETNote
KEEP A WATCH FOR COMING WEEK🤝✌️Note
NICE MOVE GAINED 5%Note
GOING GOOD AT 519 FROM 496 WITHOUT TAKING 200 EMA CROSSED TODAYNote
CLOSED OK, NOT TAKING MUCH SELLING PRESSURE IN VOLATILE MARKETNote
HIGHEST CLOSING AFTER BREAKOUT PUBLISHED GAINED 5% SO FARNote
Weekly BreakoutNote
REACHED 525 FROM 492 GAINED 7% SO FAR COULD HIT TARGET ONENote
REACHED 528 FROM 492 NEAR TARGET OF 535Note
VERY CLOSE TO TARGETTrade closed: target reached
DID TARGET OF 535✌️✌️Note
GOING GOOD FOR SECOND TARGETNote
CMP 545 FROM 492 GAINED 10% SO FARTrade closed: target reached
DID COMPLETE TARGET OF 558 TODAY, FEELING GOOD BY IT'S ROCKING NONSTOP PERFORMACE AFTER PUBLISHENNote
LOOKING FORWARD AFTER DID TARGETNote
LOOKING STRENGTHNote
DID 575 HIGH TODAYNote
BOLLINGER BREAKOUT WEEKLY CHARTNote
ᴄᴏɴғɪᴅᴇɴᴄᴇ ɪs ɴᴏᴛ ‘ɪ ᴡɪʟʟ ᴘʀᴏғɪᴛ ᴏɴ ᴛʜɪs ᴛʀᴀᴅᴇ.’ ᴄᴏɴғɪᴅᴇɴᴄᴇ ɪs ‘ɪ ᴡɪʟʟ ʙᴇ ғɪɴᴇ ɪғ ɪ ᴅᴏɴ’ᴛ ᴘʀᴏғɪᴛ ғʀᴏᴍ ᴛʜɪs ᴛʀᴀᴅᴇ.” - ʏᴠᴀɴ ʙʏᴇᴀᴊᴇᴇNote
FOR TRADERS KEEP AN EYE, ALTHOUGH I AM DONE WITH GIVEN TARGETSNote
WHAT SAY TRADERS? READ UPDATE JUST ABOVE THIS UPDATENote
DID SAME AS MENTIONEDNote
SEEMS SOME POTENTIAL IS REMAINING FOR THIS RUNNote
CHECK LAST UPDATE DID 610Note
YESTERDAY SHARED, AGAIN UPDATINGTrade closed: target reached
FINAL AND LAST UPDATE FOR THIS IDEA IF I WILL FIND SOMETHING INTRESTING ON AURO WILL PUBLISH AN OTHER IDEA ON THIS STOCK, THANKS FOR GIVING WONDERFULL SUPPORT 
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