AUROBINDO PHARMA LONG TERM SWING TRADEHi 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
Aurobindopharma
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!
You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks.
**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 .
***
💉💊 #auropharma 🎯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 basis stop loss so if anyone can fid reversal in this marked zone then only fo go swing trade with given stop loss. try to trade as per your trade setup and if you don't understand this reversal trading try to just observe and check out old posted charts for better understanding.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Aurobindo Pharma: Get well soon 🙂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 excellent risk::reward ratio to go long in the stock
Target: 1166 / 1248
How I arrived at those 2 target - have done the marking in the chart for your understanding & learning purpose
- Blue line drawn from 797 to 1064 is the reference line
- mirrored the reference line at 2 important levels on the channel
Hope you make the most from it.
Stop loss weekly close below 850 (as this is a medium to longer term view, weekly close becomes more relevant)
_____________________________________________________________________________________________________
F&O Strategy for July series
Consider a Bull Put Spread strategy
Sell 29 July expiry 900 Put option around 17-18
Buy 29 July expiry 850 Put option around 6.5
(This buying is done to reduce the margin requirement and thereby give better ROI if view holds true)
Max profit potential Rs 6825 - Rs 7475/- per lot.
(Yield potential 13.5% approximately)
Like Share and Follow...!!!
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
Over valued; A drop is comingThe 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
VCP Formation on the verge of a BO around Earnings announcementStock is forming a nice VCP around it's ATH.. Volume is visibly dried out and the stock is forming a nice symmetrical triangle. Ideal candidate for a breakout but it's better to wait for the breakout to happen as the stock can breakout on either direction.
Aurobindo pharma to the moonBreakout of cup and handle pattern in Aurobindo Pharma. The stock belongs to the pharma sector, so I'm expecting less impact of COVID scenerio on the movement of this stock.
#tothemoon
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
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.
Auro Pharma: On verge of Breakout in to unchartered territoryAurobindo Pharma
CMP 965.75
Observations
- we are looking at a weekly chart of Aurobindo Pharma
- the stock tried it's luck to trade above the red line back in August 2020, but it could sustain on a weekly closing basis
- in the current set up, the stock is sustaining above the red line on a weekly closing basis
- the stock has closed near the high of 967 made in August 2020
- this stock needs to be watched closely
Any stock moving into unchartered territory after multi-year breakout can be strong candidate and we could be looking for targets of 1166/ 1204/ 1320 to begin with...
- sustaining above the red line for another week or may be two, could increase the probability of scaling newer highs drastically
- any dips towards the blue line / red line makes an interesting case for Longer term horizon
Alternatively ,
One may consider a Bull Put Spread strategy
Consider selling 880 Put option and buying 840 Put option
The strategy has a 10% ROI potential till 28 January 2021
The strategy has 3 important aspects,
- if the stock continues to rise, I would not lose on to the opportunity.
- If the stock falls moderately, I anyways intend to and am comfortable to buy at Mera wala Price in Equity around 905 -880 levels and
- 3rd point: if it manages to close above 880 on 28 January 2021, I still stand to gain 10% from the strategy as well as Buy the stock at Mera wala Price in Equity.
So no matter whether the
- stock price rise or
- stays where it is or
- falls down
I am in a happy state of mind in all 3 situations... 😊
Sounds Interesting...Curious... Is it really possible...
Welcome to the World of Option Strategies
If you wish to learn, message in Private
Do Hit the Like button and don't forget to Follow...!!!
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