auropharma important levels better to stay long on dip in the counter , looks set for a 50% or more upside ! in couple of months !
AUROPHARMA
AUROPHARMA Resistance Breakout AUROPHARMA has broken out of a key resistance level .
Levels are mentioned on charts .
Can go long price comes down after pullback .
Auropharma - Triangle Pattern Buy on a closing above green line...Sell below on closing below the Red line.
Im personally bullish on this stock so wait to buy above 785. Targets can be 862 887
A strong closing below the red line may take the stock to 650 levels so watch out.
AUROPHARMA buy setupBuy AUROPHARMA after triangle breakout above 790
T1: 827
T2: 895
T3: 985
SL: 752
Aggressive traders can go long above 746 for same targets with strict SL below 718
AuroPharma | Retesting Done Might Boom with Tight SLEarlier it was recommended to buy it from 525-30 levels for targets till 794, Refer Chart below. On Weekly Timeframe it gave trendline breakout and now retested it. It can be long for target as shown in chart. Keep SL below yesterday's low. Its purely positional views as it has been seen people taking intraday trades on these trades. Intraday levels are very different to that of positional. We avoid giving intraday levels, if we give, we mention it for Intraday.
Old Chart.
Aurobindo PharmaAuro - Wkly - Not able to close abv the trendline. Selling at resistance. May test 748. SL-800.
Glenmark - Safest Buy in turbulent markets Stocks seem to be making a round bottom formation over the year and breaking out of this pattern.
Buy with a stoploss of 671 Target of 409 718. Longterm targets are 940.
AUROPHARMA Interesting Equidistant S/R LevelsAUROPHARMA has been bouncing between the suppot/ resistance levels which surprisingly are equidistant. Approximately 90 points, give n take a few.
over the years its been respecting these levels. Currently testing another such level, awaiting for a breakout/reversal.
AUROPHARMA NecklineAUROPHARMA has been moving in a triangle since 2017 bouncing around the neckline. Currerently retesting the neck again, awaiting a breakout/Reversal
AUROPHARMA short setupAUROPHARMA is losing bullish momentum. We will be waiting for opportunity to go short. Watch this space for more updates on entry, targets and exit.
AUROPHARMA buy setup - PARABOLA - for aggressive traders onlyBuy AUROPHARMA at CMP (688)
T1: 700
T2: 710
T3: 725
T4: 733
SL: 669
Auropharma might just be 2x from here within a year. #PharmaWith Pharma Index already broken out from trendline. I found Auropharma fundamentally the best company in the sector. Technicals are also good and if breakout of inverse H&S happen immediate target would be 710, short-term target 880 and 1200 would e target for 1 year.
STBT IN AUROPHARMA ON CONDITIONAL BASIS AUG FUTAUROPHARMA SHORT TRADE(IF PENNANT BREAKOUT DOWN)
AUGUST FUTURES
SHORT AT THE BREAKOUT OF THE PENNANT AFTER
2:30 THE BAR WILL BE COMPLETE A BREAK BELOW
THE SUPPORT LINE OF 684 IS A GOOD INDICATION
SHORT@684
STOP@590
TARGET@666
LOT:1000
QTY:2
AUROPHARMA Long...AUROBINDOPHARMA breakout the trend and retest zone mention the chart keep watch the trade before entering the trade
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Eight Pharma Stocks & Positive DivergencePharma Sector as been in a downtrend since 2015. Since few weeks a bunch of pharma stocks made double bottom with positive Divergence on MACD. Is it the reversal of Pharma? or just the regular correction.
AUROPHARMA --->
LUPIN-->
SUNPHARMA-->
GLENMARK-->
DR_REDDY-->
WOCKPHARMA--> Testing lifetime trendline
DIVISLAB--> Testing Median
CIPLA--> BOuncing off the lifetime trendline
Short Aurobindo PharmaAurobindo pharma looks week. The main trend as well as the short trend is week. I recommend shorting @540-530 with a stop loss of 545 and target of 510. You can buy put for current month, strike price of 530 or 520.
