This is follow-up on Aurobindo Pharma. Can check link to related ideas. Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
If Mkt goes positive from here, this can be the strongest candidate in Pharma
Aurbindo Pharma broke 4 year resistance in Aug'20 however retraced. This time too it has broken same resistance and forming inverted HnS. Can be considered for long if breaks TL successfully 2nd scenario - Stock can come back to 905 levels of support and then again bounce back. Keep an eye in coming days
BUY NEAR 922 The Indicator Used: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. 2) TE-REKAB - Proprietary Indicator KEYS: PB: Pullback Blue Candle: Selling Divergence Yellow Candle: Buying Divergence If you like the analysis, do leave a like and follow for more such content coming up. The analysis is...
AUROPHARMA which broke out the wedge pattern flew up till 998 and then decided for pattern's retest. The retest was successful and recorded a sharp reversal. One can use this opportunity and go long with a SL of 941 and below. The longer target for this breakout is at 1090 ranges. Getting some quantities of AUROPHARMA in cash market is also a considerable investment.
SELL BELOW THE LEVEL TO THE SUPPORT FOR INTRADAY AND BUY FROM SUPPORT IF REJECTION COMES FROM THE SUPPORT ZONE . ( FORMATION OF BULLISH FLAG)
AUROPHARMA BUY ABOVE 961 TGT 968/976 SELL BELOW 953 TGT 945/937 Disclaimer : Trade at your own risk
Buying can be initiated above 924 for the first target of 970 initial Sl 893, keep trailing if comes in trade direction Note : This idea is for only educational purpose
analysis mentioned on the chart
Short with SL of 970 for the target of 923/893
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...
AUROPHARMA Reasons: 1. Descending Triangle/ Cup and Handle 2. Base formed 3. Past 2 days candle closing above the trendline. SL: Closing Below 888 Target : New ATH / 1100
Chart is self explanatory...
Levels are indicated on chart . If you used the chart let me know how it helped Please like ,share and subscribe For more info reach out to me For education purpose , refer to your analysis before proceeding
Buy Auropharma with stoploss 874 tgt 900-915+
Sell on rise keeping the SL above the level of wave -1 that is 862. for the downside targets of 780's & 750