Reversal signs in chartStock had corrected significantly. But the stock has taken support at previous breakout level and now has given a breakout above downward slopping trendline. Swing trade possible
AUROPHARMA trade ideas
auropharma swing trade with good RR
confluence zone_ weekly support line , HnS Pattern BO, trend line BO
don't go blindly with single confirmation go with multiple confirmation to increase your winning probability.
AUROPHARMAThis stock has given good breakout of double resistance trendlines along with good intensity of volumes, all other indicators are also suggesting for upside, one can go long at current levels or in dips (if any) with mentioned stop loss and targets on chart.
wave structure could be like this
key levels are mentioned on chart
breakout with good intensity of volume
chart pattern inverted head and shoulder neckline breakout
macd in weekly positive crossover and uptick
macd in daily positive and uptick
macd in hourly positive and uptick above zeroline
rsi in daily uptick and b/o
rsi in hourly above 60s and 70s
adx dmi in hourly
upper bollinger challenged in hourly
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
AUROPHARMA #Watchlist
#AUROPHARMA (CMP 701.95) :-best support at 600/580 if its break with volume.
Pharma looking hot :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
Auro Pharma - Falling wedge breakout Auro Pharma looks promising due to below reasons
1. Falling wedge breakout
2. Pharma sector gave strong closing with most of Pharma stocks giving breakouts
3. RSI Breakout above 50 showing strength
4. Volumes Increasing
5. Regained 50 EMA
Disclaimer for learning purposes.
Watchout for trendline breakoutAuropharma is testing it's short term trendline and looks good above 705 level positionally for 4-5% upside
Learn & Earn,
Dr. Tanya Kumar
Aurobindo Pharma: Get well soonAurobindo Pharma
- The stock has been an underperformer since May 2021
- Was the recent breakdown below 680 just a shakeout of weak hands or would it get resisted again?
- We are soon to find out... The stock is near make or break zone.
Momentum might be seen on sustaining above 712
Note: In our last stint with Aurobindo Pharma it did not work out that well, so due your due diligence 🙏
Take care & safe trading....!!!
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
Aurobindo Pharma Technical and Fundamental AnalysisTechnical Analysis
Aurobindo Pharma has taken support at upper range of support box(630). It can move upwards after taking support at 630 price level. It is good time to accumulate share at current levels for long term.
Fundamental Analysis
Current PE : 7.45 (Undervalued in comparison to peer Pharma stocks)
Sector PE : 38.7
Below data for previous 5 years.
Revenue Growth : 15.2%
Sector Revenue Growth : 6.96%
Market share increased from 7.65% to 11%
Net income growth : 21.4%
Sector Net income growth : 8%
Stage Analysis Stan Weinstein.Short Term Bullish for a TP of 750 & 780. Sl Last swing low on weekly 620.
Long Term Graph is not Promising for Longs Giving Bearish Bias.
A pull back to 30 ema(Weekly) on cards, before next leg Correction. Parallelly Having 200 ema Daily Resistance near the same levels along with Long Term Monthly Trendline.
Build your Position Accordingly..
Final Note_ Do Manage Your risk (Position Sizing).So that You Can handle Short-term Whipsaws.
Happy Trading/Investing...…..
Broke Down on Weekly Time Frame!Broke Down on Weekly Time Frame and looking highly likely to breach 550- levels. I hope it doesn't but charts are cruel sometimes!
AUROBINDO PHARMA LONG TERM SWING TRADEHi everyone, Aurobindo pharma consider buy 623 target 800 stoploss 545.
LOGIC BEHIND TRADE : Stock is near it`s weekly support (620-580) support identified from harmonic half bat pattern level 0.618 stock can bounce from support & can go upto it`s previous resistance 800 stoploss only 15 points from support. NSE:AUROPHARMA
Golden Zone End to bear season. The stock is at good support and at fib golden zone.
Once the bullish signal is seen, time to go long...
Disclaimer:
The above analysis is for education purposes. Kindly take expert advice before taking a trade.
Auro Pharma BearishSeems Bearish Momentum for may continue further
Concentrate if price sustain below 633
aurobindo pharma double harmonic patternsi have shown two possibilities for up move. First one is if candle directly closes above blue trendline at B stock may directly hit upside target range 939-949.
Second possibility is if it falls it must follow movement as shown with blue arrows.
goodluck
AUROPHARMA: Fundamentally cheap and expected reversalTarget of at least 900. Probable formation of a W pattern. If it breaks 750 levels it will hit 900. The stock has previously taken support in the current levels. Good opportunity to buy this dip. And above all of this, this stock is fundamentally undervalued. The most and probably only undervalued stock in Indian Pharma.
AUROPHARMA at Major Support | Educational Purpose OnlyNSE:AUROPHARMA
Support: 665 (If sustained)
2nd Support: 610
50 days SMA has became a resistance.
Check yourself with PaperTrading.
Look for good opportunity Good return can be seen in coming months.
Retest PossibleMultiyear Breakout
May be coming for retest the level
Do Your Research !!!
Do not follow blindy !!!
