Auro Pharma - Low Risk High Reward CallStock at strong support & flip zone area
1380-1395 strong area
If stock sustains this area then may flip and go higher again
View negates below 1370
Upside 1515 -1520 possible
AUROPHARMA
Weekly Breakout in Auro PharmaAuro pharma has given a Rounding Bottom Breakout in Weekly charts. Retest is complete and the stock has turned bullish. One can initiate a entry with a PT of 1470 and 2760 with a stop at 1075 on WCB.
AUROPHARMA - VCP chart pattern Breakout~ Stock gave a 3T VCP breakout on last day
~ Looks good for both swing and positional trade
~ Short Term target can be 1250, 1300 and 1350
~ Weak Below 1100
~ Pharma sector already showing momentum
CNXPHARMA - Trend Reversal📊 Script: CNXPHARMA (NIFTY PHARMA)
Key highlights: 💡⚡
📈 Nifty Pharma is retesting from its support level shown in chart.
📈 Pharma stocks can give good returns.
📈 One can go for Swing Trade into Pharma stocks.
📊 Script: CIPLA
⏱️ C.M.P 📑💰- 1414
🟢 Target 🎯🏆 - 1510
📊 Script: LUPIN
⏱️ C.M.P 📑💰- 1688
ONLY ABOVE 1700
🟢 Target 🎯🏆 - 1828
📊 Script: AUROPHARMA
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
📊 Script: GLAND
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
📊 Script: BIOCON
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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AUROPHARMA: Ending DiagonalThe current structure suggests that prices have formed an Ending Diagonal structure. Price are likely to fall towards 1000 and 975 zone with any rise holding below 1125.
DIVISLAB BestBuyDivisLab made a Proper HigherHigh and HIgherLow.,.
Now its at Proper Higherlow,, look for Priceaction for Proper entry and Stoploss.
There are two levels for Buying.
Follow Risk Management.
intra buytrend line break based intraday trade
looking for tgt range 864-871
stop as per comfort
disclaimer - trade @ own risk
CNPHARMA HEADING HIGHERNifty Pharma has been consolidating since 9th August 2023 in a complex range-bound correction.
It is now reading to head higher in a wave 5 circle. Today's strong move is possibly wave i of 5.
Lupin, Aurobindo Pharma, and Glenmark are stronger sub-counters.
AUROPHARMA - Ichimoku BreakoutStock Name - Aurobindo Pharma Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 765
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Bearish HaramiA bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish harami.
Script = AuroPharma
Time Frame = 1 Day
AUROPHARMA - Ichimoku Breakout Stock Name - Aurobindo Pharma Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 702
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
AUROPHARMA: Terminal ThrustUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach).
Triangles are the penultimate waves i.e. waves before the last wave. This suggests that prices have reached to level of exhaustion and are likely to take a reversal. In this particular case, Auropharma is likely to finish the Wave-3. A break of the green trendline will give the first signal that wave-3 has peaked.
Trading strategy: Sell below 630 keeping Sl of the previous high before breaking the 630 on the downside and look for the target of 600/585 in the coming days/weeks.
Auro Pharma- ReversalIt looking Auro finally getting on reversal trend. Breakout of falling long term trendline after 2 years, spike in volume & also crossed 200 DMA.
R1 -570 - Major hurdle which is also multi year support, once it break can see good up move.
Short term target 570, T2 605 with SL465. Long Term 750 min once it sustain above 565. So please keep adding at every level to gain maximum.
The above analysis is only for study purpose
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = Auro Pharma
Time Frame = 1 Day
There is resistance!Aurobindo Pharma is at a very strong resistance level, it also shows how a support level becomes a resistance level
Keep an eye
AUROPHARMA may break downward channelAURO 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 sell, consult your personal advisor for investment advice.
No personal holding in this stock as on today.
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = Auro Pharma
Time Frame = 1 Day
Short-term view of Aurobindo PharmaAurobindo Pharma has made a significant low of around 400 and started going up and has made wave 1. It corrected wave 1 between 38.2% & 50% and went higher as wave 3 which was very powerful, strong, and fast. Wave 3 has also contained a minor wave i and after correcting minor wave i @ 50% and got past minor wave i. Now, we can expect wave 3 for 530 (as 100% of wave 1), next tgt 550, 563 & 583 level. You can buy it around 495 with Stop Loss below 466
#auropharmaStock is retested it's supportive zone after BO, and again near to BO. Watch chart for support and resistance.
AUROPHARMA: Bullish Flag BreakoutStock is has formed a bullish flag pattern on 4H chart being the support region near 455 zone & resistance area at 474 zone. Any sustained move above the level of 475 will lead the stock towards 500/520/560 in a very sharp upside rally.
Trading strategy:
Buy on cmp 473-74 with SL of 455 and look for the immediate target of 500 and later 520/560. The measured bookish target for the bullish flag is coming about to be in the region of 560.
Aurobindo Pharma: Bullish SetupNSE:AUROPHARMA has quite a few interesting setup traits:
In the volume profile one can see the two PoC (Point of Control) - one during downtrend - another during uptrend - placed at 444 and 474 level.
The PoC at 474 is really interesting. Means the interest is at the sustained levels of price.
Absolute high volume
Uptick in Momentum (RSI).
Price Structure - was creating LH-LL. Then last one month (since 1st week of Feb) it actually pulled up and able to deny the structure by making a High higher than previous lower-high. That denotes the end of corrective phase.
And then price is actually inside a Darvas box since last two weeks.
Today it seems getting out of the Darvas box with volume and momentum.
See the two AVWAP placements :) The upper line avwap line it will touch as T1.
Please keep the SL at downtrend PoC at 445.
Nifty Pharma Near Make-or-Break Zone 11200-11400 Nifty Pharma Near Make-or-Break Zone 11200/11400
Nifty Pharma on Long Term Charts nearing make or break zone
Reversal from here will be good opportunity for long term traders / investors
Pennant Pattern In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Script = Auropharma
Time Frame = 1 Day
