AUROPHARMA trade ideas
AuroPharma: Resistance turns to SupportAuroPharma has pulled back to a level which was previously a resistance zone near 600. This zone may act as a support now because of a basic principle of support and resistance.
"A resistance once broken on the upside may turn into a support later on. Conversely, a support once broken down may act as resistance later on".
The level 600 coincides with the 61.8% retracement level as visible on the chart. So that is another plus point.
It could be a medium to long term buy with SL below 590 for targets of 797 and then 877. Stop can be trailed higher to 643 if the trend resumes on the upside.
It could also be taken as short term buy with SL below 643 for a target of 730
Disclaimer:
Not Sebi registered
No personal investment in the stock
Auropharma on Harmonic PattternMain direction bearish on weekly chart.. temp bulish.. in short time frame its bearish.
For short entry 680-85 is good level to short for target of 633-30
For long 633-623 buying zone.. which can go up to 715-25 zone which is mentioned in chart
I do not recommend to trade this is just my view.
Intraday For 31st JanMy view is bearish on this stock. But still can go long for intraday if candles closes above on specified levels
Go for short below 620
Go for long above 638
Sell below 603 TGT 591 SL 619Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Auropharma short for target of 400Auropharma looks week in chart and trading in a channel.
Target 400 downside from there a bounce or reversal can be expected.
till then sell on rise.
AUROPHARMA- Standing at crucial levelRetracement of fibo + retest of trendline breakout.
Buy around 660-666, keeping SL @640 on closing basis.
*Note -Only for educational purpose.
Long Aurobindo Pharma...High Probability SetupAurobindo Pharma
Cmp - 737
Stop - 700
Expectation -
T1 - 830
T2 - 950, Review at 950
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
AUROPHARMAAuropharma reversing from the exact 61.8 and 50% fib levels. Good to go for long at this point.
CMP :- 734
SL :- 620
Target :- 1030+
R:R :- 1:2.8
Disclaimer :- This is just my view. Please analyse charts yourself and then decide to initiate trades.
Aurobindo Pharma: Chart set up & important levelsObservations
- the stock has given a breakout in the short term on December 8, 2021
- the stock has given a breakout in the medium term on December 22, 2021
- 20 day EMA cross over above 50 day EMA on Dec 29, 2021
Is Aurobindo finally recovering from the illness (that took it down from 1063 odd levels to 620 odd levels) and roaring to get back???
A final push above 736 could be the key to unlock its movement on the upside
780 is 200 day EMA
Long term Trendline resistance around 824 currently. Sustaining Above that, gates would open up further upside towards 905-940 odd levels
Do note: The stock has tested our patience a lot in the last 3 months and there could be personal bias in here.
Take care & safe trading...!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
EXPECTING AN UPRISE IN AUROPHARMA As per the 1 Hour Chart of AUROBINDO PHARMA, we can see a beautiful Formation of "Bullish Harami" on the chart. Therefore, we are expecting a bullish momentum in AUROPHARMA in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 713.70, 717.80, and 725.20. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 702.80, on closing basis. Closing Price (as on 24.12.21) : 709.50
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Swing Opportunity in AuropharmaGo Long above 689.1 for Targets of 713.65, 738.2, and 762.75 with SL 664.55
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.\
3. In addition to this the stock gave Trendline breakout.
Higher Highs and Higher Lows - Recovery?Aurobindo Pharma has been trading at a steep discount to its ATH recently.
Its recent quarterly earnings, and decisions regarding acquisitions and then their cancellation were not perceived well by the market.
After a long period of Lower Highs and Lower Lows,
The share seems to be making Higher Highs and Higher Lows now in recent 2 waves.
I am curious to see if it can create a turnaround here.
It is only for educational purposes and not an Investment Advice
AUROPHARMA ANALYSISAfter a straight downfall we can finally see a inv head and pattern shoulder which is a reversal pattern one can hop in. RSI is also showing strength. Best entry will after retest of the breakout
Red zones are my assumption where script might reach
Do your own analysis before taking the trade
Auropharma - Long IdeaThe stock has shown reversal signs from a downtrend in the last weeks. According to the chart set up, seems to reach 800 levels.
Only for learning and sharing purposes, not a trading recommendation.
Best of luck.
Aurobindo Pharma Ltd - 17.12.2021Aurobindo Pharma Ltd - 17.12.2021
The stock is trading @ 679 levels
The stock is trading under a channel range (674-714)
There is a HAMMER @ Support Zone in Daily Chart
The prices are below the EMA
Let the prices go above 693
watch out for the price action
Plan to go long with AuroPharmaHey guys.
Auro Pharma is in a long downtrend in both in weekly and daily time frame .But Recently it has broken it's down trendline in daily basis and also showing a bullish hammer as a confirmation of retest. We can plan our trade above 714 level and our stop loss would be low of the hammer candle .
Auro long intraauro once again moving above 710 watching for move can show 720/730/740 last time it its sl
Auro long intraauropharma neckline breakout and good consolidation above 700 to 710 above 710 sustaining 720 can be seen in intraday.
