AUROPHARMA trade ideas
AUROPHARMA BULLISHAurobindo Pharma looks to breakout the trend. Currently there is a resistance at 1010 range and a strong support on volume profile near 940 range. The stock has tested its low and is currently in the phase of its second leg.
If the stock breaks out above 1010 range, buy it with a target of 1050-1100. Keep a stop of 980
AurobindoPharma RocketLaunch...As we discussed yesterday .....see levels and targets getting up and up..
Option Call 1100Ce @28 - target 51 SL-20-19
AurobindoPharma Go Long ...CMP-1013
Support Zone from last few Days-1000/1003
Strong Support-965/975
following Trend from Low of 4th may level of 955..and took strong support with heavy volumn...
Can go long above-1018 SL 1005
AUROPHARMA - Ride the TrendAUROPHARMA - Breaking ATH and coming out of the consolidation of almost 6 years. Faily performing stock which one might consider to hold for few years. Largecap hence dont expect multifold returns. CMP - 1038. Consider adding if you are looking for largecap investment. Else avoid
Aurobindo observation1. Flat top pattern break out. Generally target would be around the length of the pattern.
2. Monthly RSI 60 support.
3. Weekly RSI range shift.
4. Can be a good bet.
5. Stop loss should be below the low of Previous month candle.
Aurobindo pharma shaped up in beautiful Cup with Handle patternMay 7
Breakout of cup and handle pattern in Aurobindo Pharma .
The stock belongs to the pharma sector, so I'm expecting less impact of COVID scenario on the movement of this stock.
Levels mentioned on chart & Given targets seems achievable.
Plan your trade accordingly
Comment: Entry @1010
May 7
Comment: Gonna add more quantity at 960 to 1050 levels, keeping stoploss intact SL @900
At Resistance Auropharma is at Resistance. Wait for the clear breakout. Take a trade after breakout above 1024 than SL will be the red line.
Aurobindo pharma to the moonBreakout of cup and handle pattern in Aurobindo Pharma. The stock belongs to the pharma sector, so I'm expecting less impact of COVID scenerio on the movement of this stock.
#tothemoon
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
AUROPHARMA: CHANNEL + CUP & HANDLENSE:AUROPHARMA
Auropharma is forming a channel it also has a cup & handle pattern, and penetrated the previous high at the time of closing.
Formed very bullish candle on a daily time frame which is engulfing previous 9 days candle.
NIFTY pharma index is also trending higher high.
it can be bullish above 1025.
Not a Trade Advice or Recommendation.
Do your analysis or Consult your Advisor.
#Auropharma cash : Looks good sell below 950#Auropharma cash
04.05.2021
Looks good sell below 950
stoploss 972
Target 928/904
Cmp 956.50
AUROPHARMAAuropharma is looking bullish and might break previous 52wk high..
(Attractive risk to reward ratio)
Kindly follow to know Entry/Targets and SL..
Note: Only for education purpose/Kindly consult your financial advisor before taking any trade..
Can be entered at this time going by the trend lineCompany planning a demerger to unlock shareholders value ,as it is the only pharma company with lowest PE which is 10 , though company enjoys good revenue
Also keep an eye on 20 EMA
Can be bought for short time period
AUROBINDO PHARMA I CAN SEE CHANCES OF BOTH UPWARD AND DOWNWARD MOMENT......
IF IT CROSSES THE RESISTANCE IT WILL SURELY GO AND MAKE HIGHER HIGHS......
IT CAN ALSO MAKE DOUBLE TOP AND BOTTOM SO WAIT TILL IT CROSSES NECKLINE DURING DOWNWARD MOMENT AND SELL......
Aurobindo weekly breakoutA weekly breakout with 780 as a stop loss and trend can touch to 1500 levels.
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Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Aurobindo Pharma may retest its high of 1016 soon.After the positive news of Pzifer signing an agreement with Aurobindo Pharma for its Covid-19, the stock markets clearly gave a positive reaction. A 2.70% (26points) gain in a sudden 30mins. ATH of 1016 is still intact.
Looking at the price action, momentum still looks right and intact.
Accumulation happening during the retracement of 0.618.
*MACD showing us a 3 bullish hook pattern (Signal Line crossing up the MACD line) indicates that the buying pressure is still intact.
Might as well easily the break the resistance and ATH of 1016.
We might witness targets of 1.272 Fibonacci i.e. 1046 levels.
Strict SL of 963.
Keep trailing your SL.
