AUROPHARMA
🏥 #Auropharma #auro #niftypharma #niftyNSE:AUROPHARMA
if cross current candle's high one can long as per their trade setup and with proper sl.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
AuroPharma is coming to buying regionAuroPharma has already given a breakout in the weekly pattern. Now it's showing a breakout in the channel pattern in the daily timeframe. The current situation is that it will move slightly down and enter into a buying zone, from which it has a high probability of bouncing back.
AUROPHARMA long term viewAuropharma performance since the market crash. Let us discuss some important points regarding Auropharma.
After the crash, it has formed an ascending triangle pattern in that 3 supports, 3 resistances are faced.
As per Fibonacci retracement once it got tested 0.38 level, Now it is testing 0.24 level. Reversal zone near 800 level.
After that, there will be a huge breakout let wait for it and be ready to grab it.
Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply whether it good or bad just reply to this article. That's it for today.
Thanks for reading.
IF any doubts let me know in the comment section.
Disclaimer:- It's just for educational purposes.
Swing Trade Idea #233 : Long on AUROPHARMA This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
AURBINDO PHARMA - SWINGAurbindo 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
AUROPHARMA - Fibo with Multi time frame analysis
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
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Long in AUROPHARMAAUROPHARMA 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.