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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!
NSE:AUROPHARMALong
by anusuabose92
Technical Analysis at it's very best: Aurobindo PharmaAurobindo Pharma Closing Price 996 This is what we had written about this stock on January 05, 2021 We have explained our view and strategy well above... So do read it to understand the importance of Planning your trade... When Aurobindo was at 965 odd levels we suggested need to survive above the red line for another week or 2.... 2 weeks down the line, We get that retest of red line (low is exactly exactly at 880 - we were comfortable buying in the range of 905-880 in Cash market) and by closing at 923 it did survive the 2 week test... Come Monday morning... broader market is down and voila... this stock jumps 8% up...😀😀 Were we lucky??? You can say so... it doesn't matter... the fact remains the same... you do your home work and chances are you might start feeling lucky more often than not...or you continue to ignore the importance of planning your trade and regret later The explanation and plan has been given well in advance.... Those who followed are rewarded handsomely.... both in the Options strategy and in Cash market too....😊 If you want to improve your chances of winning trades... - focus on Learning, - focus on planning, - focus on identifying entry and exit levels before you enter your trade Remember there is no short cut to success... One has to go through either the Pain of Discipline or Pain of regret...!!! Choice is yours... Happy learning and happy investing...!!! Follow and learn...!!!
NSE:AUROPHARMA
by indiamarketoutlook
1
Trading Opportunities for W/B 02-08-21TRADING WATCHLIST FOR W/B 02-08-21 INTENT This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities. I will only be sharing the time frame and the script name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favourite indicators and check it out if any of these fit your trade plan. Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed. ON MY WATCHLIST FOR W/B 02-08-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME CIPLA COAL INDIA HDFC BANK HEROMOTOCO TCS AURO PHARMA CADILA CHALET GLENMARK JUBILANT PHARMA L&TFH VOLTAS SECTORS LOOKING GOOD- I could not find anything interesting here as all the sectors seem to be already up so either a fresh breakout above 16000 or below 15500 may give some opportunities at a sector level. During the week, the universe of my stock search is limited to Nifty, Banknifty, and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well. Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. There is also a video link available in the article. It is related to my son’s video content where he does a weekly wrap-up. You may like to watch the video as well. The contents are different and not always the same. I hope you are able to make the most of this new initiative. Thank you for your time and Happy Learning, Umesh 25-07-21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NIFTY
by AVENUESOFINVESTMENT
NIFTY negative out look.Could not sustain above uml of pitchfork. now resting on the support. clearly developing cypher harmonic pattern is visible on it. if it closes below 20 dma it may drift towards support 2 which happens to be PRZ zone of cypher pattern. right now my view is neutral to negative. if nifty crosses today's low it has next support at 11211. we may see some bounce in pharma sector auro pharma has three consecutive NR7 days, biocon and cipla had NR7 days too. don't forget to like my post . follow me to get stock ideas. my predictions for sail.hindalco.tatasteel are hitting the targets precisely.
NSE:NIFTY
by bijoy2526
4
NIFTY wild swing, fortunately closes above 20 dma,USA market closed with no major loss. Asian markets were also more or less stable. however European market had a declined day. nifty drifted lower and went below the median line and bounced to close just above 20 dma(sgx nifty closing price showing much recovery) there is 80 percent probability that price touches median line in case of pitch fork. there is probability that the price can touch lml (lower median line too). if nifty price violates Friday's low further down side is possible. now position should be cautious. selling below once Friday's low is violated may be on the cards. at present pharma sector seems to be safe bet. auro pharma is at its support. in case of indices it seems when price is trending high bears are able to push it back. only if nifty closes above uml(upper median line) we can say break out of nifty has taken place. don''t forget to like my post. follow me to get such updates
NSE:NIFTY
by bijoy2526
Shooting Star A shooting star occurs after an advance and indicates the price could start falling. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short. If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle. Script = Auro Pharma Time Frame = 1 Day
NSE:AUROPHARMAShort
by Jainshashwat