Auropharmabuy
Short-term view of Aurobindo PharmaAurobindo Pharma has made a significant low of around 400 and started going up and has made wave 1. It corrected wave 1 between 38.2% & 50% and went higher as wave 3 which was very powerful, strong, and fast. Wave 3 has also contained a minor wave i and after correcting minor wave i @ 50% and got past minor wave i. Now, we can expect wave 3 for 530 (as 100% of wave 1), next tgt 550, 563 & 583 level. You can buy it around 495 with Stop Loss below 466
AUROPHARMA: Bullish Flag BreakoutStock is has formed a bullish flag pattern on 4H chart being the support region near 455 zone & resistance area at 474 zone. Any sustained move above the level of 475 will lead the stock towards 500/520/560 in a very sharp upside rally.
Trading strategy:
Buy on cmp 473-74 with SL of 455 and look for the immediate target of 500 and later 520/560. The measured bookish target for the bullish flag is coming about to be in the region of 560.
AUROPHARMA BULLISHAurobindo Pharma looks to breakout the trend. Currently there is a resistance at 1010 range and a strong support on volume profile near 940 range. The stock has tested its low and is currently in the phase of its second leg.
If the stock breaks out above 1010 range, buy it with a target of 1050-1100. Keep a stop of 980
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!!!
AUROPHARMA : Positional Buy Trade SetupNSE:AUROPHARMA
Hi Traders,
AUROPHARMA trade setup and entry and target level on chart.
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* This analysis is educational/learning purpose only.
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AURO PHARMA COMPLETED ITS TRAPPING AND READY TO MOVE DOWN !!Hi Traders,
1. On May 25th, 2020, I mentioned in the analysis is quoting for your consideration " 2. Now come to the technical part. I showed you a volume area that it is decreasing with increasing price. Therefore, the volume relationship with the price should come down. But what I feel is this is classic trapping of sellers. Hope has been creating by buyers showing weakness so that sellers start taking the good loss in the hope trade. As you know the psychology of human beings, They stay in losses and left in profit. This is what creating in this scrip." You can see trapping continued till last week. Almost one month ago I told you the psychology of this type of trade and the same happened. I gave you a target of this move in point no.3 of that post is quoting for your consideration" 3. A red channel is created at the top of a strong zone showing weakness. By confusing sellers that price will break the red dotted channel lower end and will not take the support of strong zone. But here reality is different by trapping more sellers and keeping the rest of sellers in the hope trade. At a certain point boom to the upper zone of white color in fig. This is how I Manifested the move of this stock. An illusion is being created of different factors that sellers so that sellers find their positions for entry." . You can see On decreasing volume price were trapping sellers. And exactly achieved my target. Had somebody known How to time your trade would have made good money. Because all trade had already given to one month ago. Even update also supported you in timing also. compare that post with the current you will feel the reality and get a deep insight.
2. A red dotted line channel as shown in the previous post is ready to be breached. If the yellow dotted line is taken out on the next trading session on 4 hours time frame then uptrend will change to the downside with the target of the red zone. After fulfilling the condition of the taken out price may give pull back to the yellow line which should act as resistance that line is not taken out to upside then the trend will be changed to the downside.
3, In any case, yellow line condition gets failed then will get resistance from the white zone. Chances are very less to take the upper end of the zone out. But this is game of probability so that condition can not be ruled out. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial advisor. This study is for educational purposes only.
SHORT POSITIONS ARE BEING TRAPPED IN AURBINDO PHARMA SEE HOW?Hi traders/investors,
This is really amazing that aurbindo pharma is showing weakness symptoms where as sellers are being trapped. In fact one of my followers requested to clear the picture of this stock . Basically he is short with heavy quantity. I do not know the rate at which , he took positions. So this analysis for you and those who are in similar circumstances . See care fully.
1. Before going to technical part I share which phase is going in this stock. Actually Re-accumulation is going in this script. Means buyers are buying at attractive levels by keeping price in range. So trapping has been done by buyers. It does not mean bears do not play in it. At certain point buyers do not show interest for buying .They give chances to sellers to take price down so that they also get chances to buy at lucrative price again. In short all game is in hands of buyers but they show that both sides are fighting to gain control. Even the best panelist on air say market is in range bulls and bears are struggling to take control. This is not true. The psychology behind this re-accumulation is that which I shared with you all.
2. Now come to technical part. I showed you at volume area that it is decreasing with increasing price. Therefore, volume relationship with price it should come down. But what I feel is this is classic trapping of sellers . Hope has been creating by buyers showing weakness so that sellers start taking good loss in hope trade. As you know the psychology of human being , They stay in losses and left in profit. This is what creating in this scrip.
3. A red channel is created at the top of strong zone showing weakness. By confusing sellers that price will break the red dotted channel lower end and will not take support of strong zone. But here reality is different by trapping more sellers and keeping rest of sellers in hope trade. At certain point boom to upper zone of white color in fig. This is how I Manifested the move of this stock. A illusion is being created of different factors which sellers so that sellers find their positions for entry.
4. Now talk about other side. See a very strong zone and green dotted trend line until and unless this is not taken out structure is in pure up trend.I will leave my long when green dotted trend line is breached.
5. I showed the anticipated movement in white color price will come down to this strong zone and will start its final move to upper white zone. This is the whole scene . Now Dear follower decide your self with your selling price what you want to do. I can be wrong any day any time. For investors this is not the right time to invest in this scrip. Rest price will decide.
YOGESH VATS