AUROPHARMA
Long on AUROPHARMA #Auropharma target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
target 1----579 target 2----666
Aurobindo Pharma: Chart set up and trading strategy
Observations
- Line of Support at 680
- 20 day EMA and 50 day EMA around 668 and 664 respectively
- 200 day EMA around 728
Momentum may come once the stock gives a close above 728 - 740 zone
20 day and 50 EMA might provide Support
Trading strategy:
Given the set up, one may consider
Selling Aurobindo Pharma 28 April expiry 680 Put option currently around 26
The strategy has a 12% yield potential and provides protection against loss for a fall up to 654 till 28 April 2022.
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
AUROPHARMA SLOWLY SELLING GETTING ABSORBED
Aurobindo Pharma Limited is a pharmaceutical company. The Company is engaged in producing oral and injectable generic formulations and active pharmaceutical ingredients (APIs).
Current price is less than the intrinsic value
Stock has been generating better return on equity than bank FD
Stock doesn't offer attractive dividend returns
Midcap
With a market cap of ₹36,990 cr,
PE Ratio 6.93
Low probability of default in next 12 months
Stock is 1.90x as volatile as Nifty
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:STAR Trading in a range near key Support levelNSE:STAR
#NSE:STAR reached to key support level, stuck between 308-326, breaking these levels may expect good momentum.
All possible levels marked on chart, Observe and levels and share your experience.
Hi Friends,
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