AUROPHARMA
Aurobindo PharmaAurobindo Pharma - Cmp 986
The stock is moving after consolidation. Looks good for long with 950 sl on closing basis.
Reason:
1. Trading near support area, so risk reward is favorable.
2. Rsi shows hidden bullish divergence.
Long Aurobindo PharmaAurobindo Pharma has bounced from a strong support zone and a possible up-move can be expected from these levels.
Trade at your own risk
Trading Genius.
Over valued; A drop is comingThe inverted head and shoulders pattern have been forming for some time and even though it is on green but it is bound to come down as this is over valued. Wait till 880 and 796 levels to enter the stock. RSI is over bought on the monthly time frame. See the retraced bar pattern from nov 2020 to march 2021
[POITIONAL] AUROPHARMA : SnR Correction BetThe breakdown was perfect on the rising channel.
If it respects Support, Long it with proper strict SL.
As per Chart.
DD Advised.
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AUROPHARMA S&R ANALYSISOnly for Educational Purpose---------------------
Based on Support and Resistance >>
Target 1 - 1042
Target 2 - 1062
SL - 996
Time Period 2-3 Trading Days.
Auropharma - Intraday - 14th June 2021 - Swing TradeAuropharma Range breakout near the support zone.Taking resistance of a Tl now. Looks good for intraday if breaks the TL and holds above the mentioned price label.
Auropharma - Head and shoulderOne should always wait for the pattern to complete and take the trade at the right place.
Last time the same script bypassed the pattern and went up big ->
This time it is inverted Head and shoulder pattern ( not completely formed ) Some may take the sell trade after seeing this but it wont work on that way. One should wait for the trend line break and even wait for the retest of the breakout level before entering the trade.
Auropharma for 07.06.20211. looking strong above -963, have position for the targets of -T1, T2, stoploss - 957
2. looking weak below -955, have sell position for the targets of -948, 941. sl- 961
3. trade will remain void if opens big gap up or gap down.
Buy Auropharma @ 1016, T- 1060, SL - 999.50Buy Auropharma @ 1016, T- 1060, SL - 999.50
Stock is making HH-HL pattern & bounced from support levels
BUY AUROPHARMAAUROBINDO PHARMACEUTICALS WAS FACING RESISTANCE OF THE TREND-LINE ON MONTHLY TIME FRAME
NOW IT BROKE THE TREND-LINE AND SUSTAINING ABOVE IT HAS CONFIRMED BREAKOUT
ONE CAN EXPEXT THE TARGETS MENTION ON THE CHART IN 1-3 YRS
AurobindoPharma Supply ZoneStock is in support zone as we can see multipal time support between 1004-1000
Make or break levels
If open gap up immidiate resistance is 1013 if give breakou and susitain above 1017 then go long on till 1035
if open gap down we can see levels of 985...
200 days Ema which is 1011 will be strong resistance and support if give break out both side ...
Breaking the current high of 1064 we may see 1140 and 1200Breaking the current high of 1064 we may see 1140 and if crossed 1200 but that is where the fall begins and again good to buy at 725. Problem is there is no good volume with increase is price which is a worry and it is creating a megaphone pattern in higher time frame.
AurobindoPharma GoLongGood Setup For AuroPharma Pure Price Action Based ...
I think 1034 is big hurdle for this stock because the way stock fall from this levels with big Volumn..
i will suggest go long After 1035 then we can see upside target ...BUY@ 1035--SL@1015-1010
Targets Shown in chart..R:R=1:1.5
now it in strong support Zone ...IF it break then can see downside levels shown on chart..
