Stock 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...
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although...
As I posted the chart of Auro pharma a few days ago. it has given a breakdown of that levels.
do check and act accordingly
if it breaks today's low it might give a good move in a downward direction
As per the 1 Hour Chart of AUROBINDO PHARMA, we can see a beautiful Formation of "Bullish Harami" on the chart. Therefore, we are expecting a bullish momentum in AUROPHARMA in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 713.70, 717.80, and 725.20. Whereas, on the other hand, on the downside...
Aurobindo Pharma Ltd - 17.12.2021
The stock is trading @ 679 levels
The stock is trading under a channel range (674-714)
There is a HAMMER @ Support Zone in Daily Chart
The prices are below the EMA
Let the prices go above 693
watch out for the price action
Target of at least 900. Probable formation of a W pattern. If it breaks 750 levels it will hit 900. The stock has previously taken support in the current levels. Good opportunity to buy this dip. And above all of this, this stock is fundamentally undervalued. The most and probably only undervalued stock in Indian Pharma.
I hope you can now see how AUROPHARMA represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be...
852 and 833 are major resistance for auropharma.
you cna take buy here i\above 30 minute high for these target 833 and 852 and can do some shorting also at 832 or 852
