NSE:SUNPHARMA
#NSE:SUNPHARMA trading bullish @ 2015 resistance level, last month tried to BO, and retraced for a month, now again trying for BO with good volumes.
All potential levels marked on chart for LEarning.
Sharing the potential levels daily like this, If you like the analysis, hit the like.
Happy LEarning.
Aurobindo Pharma has been trading at a steep discount to its ATH recently.
Its recent quarterly earnings, and decisions regarding acquisitions and then their cancellation were not perceived well by the market.
After a long period of Lower Highs and Lower Lows,
The share seems to be making Higher Highs and Higher Lows now in recent 2 waves.
I am curious to see if...
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...
Hi everyone, Aurobindo pharma consider buy 623 target 800 stoploss 545.
LOGIC BEHIND TRADE : Stock is near it`s weekly support (620-580) support identified from harmonic half bat pattern level 0.618 stock can bounce from support & can go upto it`s previous resistance 800 stoploss only 15 points from support. NSE:AUROPHARMA
Aurobindo Pharma - Long
Buy : ₹ 697 - ₹ 730
Target: ₹ 768.05, ₹ 853.15, ₹ 903.6,
Support: ₹ 673.5
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I am NOT a SEBI registered...
NSE:AUROPHARMA
Pharma sector is already much oversold but it doesn't mean that it can reverse from here tomorrow only, so whoever knows reversal trading those only please try to trade on this chart.
As one can see at the D point of harmonic pattern there is a dashed line that is called harmonic PRZ even below that there is one line with a caption like closing...
Positional Trade: Aurobindo Pharma has broken out from a falling trend line with simultaneous spurt in volume.
Buy: Aurobindo Pharma
CMP: 1007
Target : 1100
Stop Loss: 975
Holding Period: 1 Month
Aurobindo Pharma has bounced from a strong support zone and a possible up-move can be expected from these levels.
Trade at your own risk
Trading Genius.
Aurobindo Pharma
Observation
- we see a stupendous rally in stock from 797 to 1063.90 levels in 2 months
- Since May 11, 2021 The stock is in down trend
- 899 is 61.8% retracement level for Aurobindo Pharma
- 880-889 has played a crucial role for the stock acting as resistance and support multiple times
Given the set up
Any price around 920-880 provides...
The inverted head and shoulders pattern have been forming for some time and even though it is on green but it is bound to come down as this is over valued. Wait till 880 and 796 levels to enter the stock. RSI is over bought on the monthly time frame. See the retraced bar pattern from nov 2020 to march 2021
Aurobindo Pharma - Cmp 986
The stock is moving after consolidation. Looks good for long with 950 sl on closing basis.
Reason:
1. Trading near support area, so risk reward is favorable.
2. Rsi shows hidden bullish divergence.
