Reversal Rising Wedge Pattern in AUROPHARMAAUROBINDO PHARMA LTD
Key highlights: 💡⚡
📈 On 1 day Time Frame stock Showing Reversal of Rising wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 1186-.
📈 There have chances of breakdown of Support level too.
📈 After breakdown of Support level this stocks can gives strong downside rally upto below 1070-.
📈 Can Go short in this stocks by placing a stop loss Above 1316+.
Aurobindo
Medicine Expired - Aurobindo Pharma Hello Friends,
Once again sharing you a Stock which is like a Fruit Ready to fall at anytime - if you want to Study more just browse one month chart of Aurobindo Pharma and you will understand the story although operators are there making things a little dicy but -for EDUCATIONAL PURPOSE one can look AUROBINDO PHARMA 900 PE Option which is Trading at 1.75 Paisa March Expiry
AUROPHARMA may break downward channelAURO Pharma is trading downward parallel channel since last two year. Also form bullish RSI divergence in weekly timeframe. So, it can buy whenever breaks downward channel for long term investment, or even more than 5-year investment can be done average in this channel and wait for breakout.
This is as per my best knowledge, we are not advising anyone to buy or sell, consult your personal advisor for investment advice.
No personal holding in this stock as on today.
Aurobindo Pharma Trade Plan: Target 550+ with Little RiskAurobindo Pharma has recently shown a strong growth recovery from its bottom, offering a potential trading opportunity with minimal risk.
Our analysis reveals the activation of a harmonic Bat Pattern, which suggests a target of 552 with an entry range of 474-482 and a stop loss of 444.
By leveraging this trade plan, traders can potentially profit from the current market conditions while effectively managing their risk exposure.
As always, traders are advised to closely monitor price movements and adjust their strategy accordingly.
Aurobindo Pharma: Chart AnalysisAurobindo Pharma
21 day EMA around 528
63 day EMA around 543
252 day EMA around 623
One may consider to buy the stock for target of 580 - 588 / 618 - 622
Keep a SL at 525
Take care & safe trading...!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
AURO BREAKOUTAurobindo pharma looks very strong on weekly chart, gives breakout on falling resistance trendline and closed above strongly and gives breakout on Bollinger bands too volume indicator gives signs of coming bullishness in this stock. Fundamental strong counter.
CAUSE OF LONG-:
1- Falling resistance trendline breakout.
2- Bollinger bands breakout.
3- Volume breakout.
4- Combination of breakouts.
Aurobindo Pharma: Will the medicine work this time???Aurobindo
Observations
- has been sideways since May 16, 2022
- stock has moved past 20 day EMA
- stock has crossed 50 day EMA
- the stock is on the verge of breaking range bound channel
- sustaining above 552 is going to be the key
-target for the set up 612 / 630
Consider buying 570 Call Option at cmp & /or on dips in Spot Aurobindo Pharma around 552
Target 33 / 42
Do proper risk management
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Long on AUROPHARMA #Auropharma target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
Aurobindo Pharma: Chart set up and trading strategy
Observations
- Line of Support at 680
- 20 day EMA and 50 day EMA around 668 and 664 respectively
- 200 day EMA around 728
Momentum may come once the stock gives a close above 728 - 740 zone
20 day and 50 EMA might provide Support
Trading strategy:
Given the set up, one may consider
Selling Aurobindo Pharma 28 April expiry 680 Put option currently around 26
The strategy has a 12% yield potential and provides protection against loss for a fall up to 654 till 28 April 2022.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
AuroPharma: Resistance turns to SupportAuroPharma has pulled back to a level which was previously a resistance zone near 600. This zone may act as a support now because of a basic principle of support and resistance.
"A resistance once broken on the upside may turn into a support later on. Conversely, a support once broken down may act as resistance later on".
The level 600 coincides with the 61.8% retracement level as visible on the chart. So that is another plus point.
It could be a medium to long term buy with SL below 590 for targets of 797 and then 877. Stop can be trailed higher to 643 if the trend resumes on the upside.
It could also be taken as short term buy with SL below 643 for a target of 730
Disclaimer:
Not Sebi registered
No personal investment in the stock
Aurobindo Pharma: Chart set up & important levelsObservations
- the stock has given a breakout in the short term on December 8, 2021
- the stock has given a breakout in the medium term on December 22, 2021
- 20 day EMA cross over above 50 day EMA on Dec 29, 2021
Is Aurobindo finally recovering from the illness (that took it down from 1063 odd levels to 620 odd levels) and roaring to get back???
A final push above 736 could be the key to unlock its movement on the upside
780 is 200 day EMA
Long term Trendline resistance around 824 currently. Sustaining Above that, gates would open up further upside towards 905-940 odd levels
Do note: The stock has tested our patience a lot in the last 3 months and there could be personal bias in here.
Take care & safe trading...!!!
Like & Follow for more such trading ideas
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Aurobindo Pharma: Get well soonAurobindo Pharma
- The stock has been an underperformer since May 2021
- Was the recent breakdown below 680 just a shakeout of weak hands or would it get resisted again?
- We are soon to find out... The stock is near make or break zone.
Momentum might be seen on sustaining above 712
Note: In our last stint with Aurobindo Pharma it did not work out that well, so due your due diligence 🙏
Take care & safe trading....!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Aurobindo Pharma Technical and Fundamental AnalysisTechnical Analysis
Aurobindo Pharma has taken support at upper range of support box(630). It can move upwards after taking support at 630 price level. It is good time to accumulate share at current levels for long term.
Fundamental Analysis
Current PE : 7.45 (Undervalued in comparison to peer Pharma stocks)
Sector PE : 38.7
Below data for previous 5 years.
Revenue Growth : 15.2%
Sector Revenue Growth : 6.96%
Market share increased from 7.65% to 11%
Net income growth : 21.4%
Sector Net income growth : 8%
Aurobindo Pharma: Dragonfly doji and Gravestone doji around 712
This is a follow up. In our earlier post we had suggested the need of holding 738-712 odd levels.
Now on weekly charts we see dragonfly doji and then later gravestone doji both forming around 712 odd levels
The set up has a target of 758 / 805 / 820 odd levels
Keep a SL at 708
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F&O Strategy that may be considered
Synthetic Long Position
Buy Aurobindo 700 Call option cmp around 45
Sell Aurobindo 800 Call Option cmp around 7
Breakeven at 738
Take care & safe trading
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Take care & safe trading
Aurobindo Pharma - LongAurobindo Pharma - Long
Buy : ₹ 697 - ₹ 730
Target: ₹ 768.05, ₹ 853.15, ₹ 903.6,
Support: ₹ 673.5
Trade and Invest Wisely with your own knowledge! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***