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Aurobindopharma

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
NSE:AUROPHARMALong
by indiamarketoutlook
2
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
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
NSE:AUROPHARMALong
by indiamarketoutlook