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Aurobindo

Aurobindo Pharma 5 % Breakout, post tight consolidation!Aurobindo Pharma was consolidating for a while near the Supply Zone /Resistance. The price burst out like water bursts out after huge pressure build up inside a pipe. On similar lines, when there is strong consolidation , its like pressure building up on the price near a resistance or support and soon after , the price breakouts with extreme force. A same action was seen in the Auro Pharma stock . Also, this has to be supported by strong volumes (volumes are strong), when the volume moves , price follows! We have a good consolidation, supported by good volume and we see a bullish pin bar candle while the price was trying to breakout. Bullish pinbar candle near a support or a breakout zone ( resistance /supply zone) suggests that bulls/buyers are very strong and are pushing the price up!
NSE:AUROPHARMALong
by anusuabose92
Aurobindo weekly breakoutA weekly breakout with 780 as a stop loss and trend can touch to 1500 levels. ***** Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation. I believe in keeping the chart simple for easy interpretation. Kindly express any disagreement & improvements so that we learn & earn together. Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises. Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
NSE:AUROPHARMALong
by JKoptions
Technical Analysis at it's very best: Aurobindo PharmaAurobindo Pharma Closing Price 996 This is what we had written about this stock on January 05, 2021 We have explained our view and strategy well above... So do read it to understand the importance of Planning your trade... When Aurobindo was at 965 odd levels we suggested need to survive above the red line for another week or 2.... 2 weeks down the line, We get that retest of red line (low is exactly exactly at 880 - we were comfortable buying in the range of 905-880 in Cash market) and by closing at 923 it did survive the 2 week test... Come Monday morning... broader market is down and voila... this stock jumps 8% up...😀😀 Were we lucky??? You can say so... it doesn't matter... the fact remains the same... you do your home work and chances are you might start feeling lucky more often than not...or you continue to ignore the importance of planning your trade and regret later The explanation and plan has been given well in advance.... Those who followed are rewarded handsomely.... both in the Options strategy and in Cash market too....😊 If you want to improve your chances of winning trades... - focus on Learning, - focus on planning, - focus on identifying entry and exit levels before you enter your trade Remember there is no short cut to success... One has to go through either the Pain of Discipline or Pain of regret...!!! Choice is yours... Happy learning and happy investing...!!! Follow and learn...!!!
NSE:AUROPHARMA
by indiamarketoutlook
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