Support and ResistancePrice taking support on trend channel and also taking support on previous support and resistance zone
AUROPHARMA trade ideas
Aurobindo Pharma Ltd- Waiting for Consolidation BOAurobindo Pharma Ltd is India's second-largest pharma company and the largest generics company in the US by prescriptions dispensed.
The stock is trading near its support zone, formed a Bullish engulfing candlestick pattern with volume confirmation, indicating a potential continuation of the trend towards the target mentioned.
Aurobindo Pharma Cmp 1263 Reversed from SupportAurobindo Pharma Cmp 1263 dated 29-11-2024
1. Reversed from Support
2. Cup Pattern In RSI
Buy @ Cmp or safe traders buy above 1275 SL 1210
target 1280-1300-1315-1330-1340-1360
It is just a view, please trade at your own risk
AuropharmaStock is showing good breakout of trendline form bottom.
Levels have been posted on chart image
Auropharma Date 31.12.2024
Auropharma
Timeframe : Day chart
Amidst weakness across market #auropharma is showing some big upcoming move or well placed technically.
Regards,
Ankur
Aurobindo Pharma Ltd Daily timeframe Chart Analysis 📊 Chart Overview:
The Aurobindo Pharma Ltd on a daily timeframe chart from the NSE. It displays candlestick price action with key indicators like MACD, RSI, volume, support, and resistance levels. ATR trailing stops and colored zones highlight trend shifts.
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🔍 Key Chart Feature and Pattern Observation:
1️⃣ The stock experienced a downtrend from mid-August to mid-November, followed by a consolidation phase.
2️⃣ A double-bottom pattern seems to have formed near the ₹1173 level, suggesting a potential trend reversal.
3️⃣ There’s a clear breakout above resistance around ₹1276, supported by strong green candles and volume spikes.
4️⃣ Support and resistance levels are well-defined at ₹1173 (support) and ₹1592 (resistance).
5️⃣ ATR trailing stops indicate a bullish momentum with green zones appearing recently.
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📈 Indicator Analysis:
🔸 Volume:
- Noticeable volume spike during the breakout above ₹1276, indicating strong buying interest.
- Before the breakout, volume was lower, suggesting accumulation.
🔸 MACD (Moving Average Convergence Divergence):
- The MACD line (black) has crossed above the signal line (red), indicating bullish momentum.
- The histogram is green and increasing, further confirming bullish sentiment.
🔸 RSI (Relative Strength Index):
- RSI is trending upward and is currently at 55.11, indicating strength but not overbought yet.
- A crossover above 50 reinforces bullish momentum.
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📍 Key Level or Price Level:
✅ Support Levels: ₹1173
✅ Resistance Levels: ₹1276 (recent breakout), ₹1592 (next major resistance)
✅ Key Zone: ₹1276-₹1300 acts as an immediate support post-breakout.
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📝 Overall Summary:
- The stock has transitioned from a downtrend to an uptrend, confirmed by a breakout
above ₹1276.
- MACD, RSI, and volume all align with the bullish outlook.
- The double-bottom pattern suggests further upside potential.
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📊 Trading Strategy:
1️⃣ For Swing Traders: Buy near ₹1276-₹1300 zone with a stop-loss at ₹1173.
2️⃣ For Target: Aim for ₹1450 as the first target and ₹1592 as the second target.
3️⃣ For Short-Term Traders: Monitor RSI for overbought levels and consider profit
booking near ₹1450.
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✅ Conclusion:
Aurobindo Pharma Ltd shows a bullish breakout supported by strong volume, positive MACD crossover, and RSI strength. Traders can consider long positions with proper stop-loss and target levels.
Aurobindo Pharma: Breakout with a Long Opportunity?Aurobindo Pharma is showing signs of a trend reversal on the daily chart. The stock has broken above a descending trendline, supported by strong volumes, signaling a potential bullish move.
Key Levels to Watch:
Support: ₹1,253
Resistance: ₹1,346 and ₹1,407
Long Opportunity:
If the stock sustains above ₹1,300, it offers a good long opportunity with a target of ₹1,407 in the short term. A close above ₹1,407 could open doors to further upside. Traders can consider ₹1,253 as a stop-loss for a risk-managed entry.
A decisive move above ₹1,346 will confirm bullish momentum, making this a promising setup for long-term gains.
Technical Analysis for Aurobindo Pharma (AuroPharma):
Trade Type: Swing trade for 1 month
Key Signals:
Waiting for breakout
Near support zone and 200 DEMA
RSI bullish divergence observed, signaling potential upward momentum
Targets:
Target 1: ₹1396
Target 2: ₹1515
Monitor closely for breakout confirmation. Ensure risk management by planning an appropriate stop loss.
📌 Disclaimer: This analysis is for educational purposes only and not investment advice. Please consult a financial advisor before making any trading decisions.
#AuroPharma #AurobindoPharma #TechnicalAnalysis #RSIDivergence #SwingTrade #200DEMA #SupportZone #BreakoutTrading #StockMarket
AUROBINDO PHARMA - Price is bouncing from demand⚡Price Analysis:
1️⃣ Stock is in bullish trend.
2️⃣ Price have hit the demand zone.
3️⃣ EMAs are also supporting the view.
✨ My Expectations:
➡️ RRR is favourable.
➡️ 1:3RRR minimum will be expected. Entered w/ 7% SL .
➡️ Expecting strong weekly candle closing for confirmation strength.
➡️ Overall market sentiment is weak so will stay cautious.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
Aurobindo Pharma Ltd view for Intraday 24th Dec #AUROPHARMA
Aurobindo Pharma Ltd view for Intraday 24th Dec #AUROPHARMA
Resistance 1260-1265 Watching above 1265 for upside movement...
Support area 1230 Below 1240 ignoring upside momentum for intraday
Support 1230 Watching below 1225 or downside movement...
Resistance area 1260-1265
Above 1240 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Aurobindo Pharma - Long Trade SetupHello, Auropharma near the resistance level of 1275 . You can enter long when price is crossed above 1275.
*Confirmation of Trend Strength: A breakout above resistance indicates strong upward momentum and confirms the existing uptrend. This increases the likelihood of further price appreciation.
* Reduced Risk: Trading with the trend minimizes the risk of opposing a large number of market participants who are also betting on the continuation of the uptrend.
* Momentum: Breakouts often trigger a surge in buying pressure as traders rush to capitalize on the upward move, further propelling prices higher.
* Clear Entry Signal: The breakout provides a well-defined entry point, allowing traders to enter the market with precision and confidence.
Aurobindo Pharma - Long Trade SetupHello, Auropharma near the resistance level of 1275 . You can enter long when price is crossed above 1275.
*Confirmation of Trend Strength: A breakout above resistance indicates strong upward momentum and confirms the existing uptrend. This increases the likelihood of further price appreciation.
* Reduced Risk: Trading with the trend minimizes the risk of opposing a large number of market participants who are also betting on the continuation of the uptrend.
* Momentum: Breakouts often trigger a surge in buying pressure as traders rush to capitalize on the upward move, further propelling prices higher.
* Clear Entry Signal: The breakout provides a well-defined entry point, allowing traders to enter the market with precision and confidence.
AUROPHARMAAs per Pinbar strategy one can initiate a long as we see it was formed on Demand zone and todays candle has given confirmation of entry rest everything is on chart, Just a view not a reco..
Auro Pharma - Low Risk High Reward CallStock at strong support & flip zone area
1380-1395 strong area
If stock sustains this area then may flip and go higher again
View negates below 1370
Upside 1515 -1520 possible
AUROPHARMA - About to complete the 5thAUROPHARMA: CMP 1466
Price likely to go one more high towards 1620-1650 and profit booking could be seen from that level.. Chart is attached for reference
auropharma huge PE opportunity1400 ce at 7.50 now.
below 1457 it has massive weakness. As suggested by Fib as well.
targets on downside are 1380 // 1355 // 1325.
other factors are that
1.the monthly candle that broke rsi80 has been broken down.
2.daily candle that broke rsi40 is still intact, price hasnt broken and closed above it.
3.market sentiment & protests erupting outside wall street in u.s.
WAIT for breakdown below 1457 or enter now with SL of 4.90
all the best \m/
A 5* GFS TRADE ON AUROPHARMAGFS Trade active on AUROPHARMA , can enter above high of green candle(1509) and keeping SL (1470)as red candle low.Can be traded for 1:2 to 1:3 RR, swing trade
Auropharma - Flag Pole breakoutAuropharma :
Flag Pole breakout in progress
Looks good only above 1600 with support of 1560
Auropharma Buy above 1518 and Target 1632Auropharma strong support in 1518 its sustain above will reach 1632
Super strong trendAuropharma CMP 1538
9 years of consolidation. Now that it has been broken it has a long way to go. Next resistance at 1820.
Buy Aurobindo Pharma Short Term Trading Advice by Goodluck Capital
Buy Aurobindo Pharma
Buy Range- 1240 - 1260
Target- 1330 - 1350
StopLoss- below 1175
Potential Return- 6-8%
Approx trade duration 9 - 10 days
AUROPHARMA - Short term ViewAUROPHARMA : is making ascending triangle pattern with lower highs and higher lows which means it can give breakout in any direction with. On lower side 1160 is the immediate support and on upper side LTH (1145) is the resistance.
For long term view please refer below link :-
