Aurobindo Pharma Share Trend Analysis by THE DECISIVEWe bring another trend analysis of a well known Pharma Stock AUROPHARMA. Aurobindo Pharma was making a trend since May 2021 & now it has given a breakout with vol. Expecting a good bullish movement.
One 1D time frame Since June it is making a higher high & higher low which also show that an uptrend is occurring in the stock.
So, You can take Target & SL as per trend analysis which we suggest/teach during our Beginner Module Course. Happy Earning!
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AUROPHARMA
Aurobindo Pharma 5 % Breakout, post tight consolidation!Aurobindo Pharma was consolidating for a while near the Supply Zone /Resistance. The price burst out like water bursts out after huge pressure build up inside a pipe. On similar lines, when there is strong consolidation , its like pressure building up on the price near a resistance or support and soon after , the price breakouts with extreme force. A same action was seen in the Auro Pharma stock . Also, this has to be supported by strong volumes (volumes are strong), when the volume moves , price follows! We have a good consolidation, supported by good volume and we see a bullish pin bar candle while the price was trying to breakout. Bullish pinbar candle near a support or a breakout zone ( resistance /supply zone) suggests that bulls/buyers are very strong and are pushing the price up!
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📌 Strategy: Beautiful and long consolidations like this are not only amazing but also tells the story of a mover in making.
🗝 Pattern here is a bullish flag pattern that too above an important level
🗝 The chart here is of the Daily time frame and breakout done at 1hr
🗝 Breakout gave on 1hr possible entry :)
🗝 The risk would be candles low ( daily candles low) - 951 and Target number one should be 1050 and wait for more :)
🗝Enter with small capital only that will not give you the pain to watch it every other second :) = #peacefulltrading
🗝 The nature of the trade would be to swing trade
⚠ IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
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✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
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🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
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➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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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
#74 AUROPHARMA ANALYSIS#74 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together .
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.
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 ...