AUROPHARMA trade ideas
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 !!!
#Auropharma cash : Looks good above 715.10#Auropharma cash -Positional call
10 Nov 2021
Looks good above 715.10
Stoploss 695
Target 748/774/800
Cmp 699.85
Auropharma - Channel Breakout viewAuropharma :
Channel Breakout possibility
Need to sustain 700-710
Support at 680
Auropharma Inverted Cup and HandleAuropharma has taken support at 677 on the weekly & daily chart. It also had formed a inverted cup and handle formation.
This indicates near term downtrend if it breaks the support at 677.
AUROPHARMA positional View !!AUROPHARMA : cmp : 697.6
After some significant correction from ATH,
its consolidating almost 90 days.
And it has been formed a good base near 670-700 level.
So downside limited.
Now trying to breakout towards upside.
Close above previous high. RSI & MFI trending up.
if it surpass and sustains above the 710 level, a
buying movement could be possible in the near term.
Accumulation zone : 667-700
Profit booking zone may be 798/848/898
SL 677 Dclbs /According to ur risk apetite.
Positionally can move 1100+
Sl 640 Dclbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
buy after breakoutbreakout after we can see 1st target 750, 2nd Target 800+ coming in this keep on radar
for educational purpose only
Can Auro pharma This time Break Past Six weeks Aurobindo pharma has been fighting to break this trendline of 897.This time if it breaks this, next level can be above 900.
aurobindo pharma Bullish crab -daily aurobindo pharma Bullish crab TF-daily
refer chart
educational purpose only
not a recommendation
