AURO 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...
Aurobindo 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...
Aurobindo 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...
As I posted the chart of Auro pharma a few days ago. it has given a breakdown of that levels.
do check and act accordingly
if it breaks today's low it might give a good move in a downward direction
Aurobindo 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...
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...
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...
AuroPharma 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%...
Observations
- 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...
Aurobindo 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...
Technical 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...
i have shown two possibilities for up move. First one is if candle directly closes above blue trendline at B stock may directly hit upside target range 939-949.
Second possibility is if it falls it must follow movement as shown with blue arrows.
goodluck
