Auro pharma long positionThe chart is self explanatory with proper levels and trendlines pointing towards the long position for the scrip.
AUROPHARMA trade ideas
AURBINDO PHARMA - SWINGAurbindo Pharma broke 4 year resistance in Aug'20 however retraced. This time too it has broken same resistance and forming inverted HnS. Can be considered for long if breaks TL successfully
2nd scenario - Stock can come back to 905 levels of support and then again bounce back. Keep an eye in coming days
Flag Pole structure in Auro PharmaPost is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
AUROPHARMA - Fibo with Multi time frame analysis
BUY NEAR 922
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
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AUROPHARMA Flag and Pole pattern NSE:AUROPHARMA Levels already mentioned..
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BREAKOUT EXPECTATION, SWING TRADE, AUROPHARMAAfter giving some awesome return from march, the stock was on correction. Now after bottoming out stock is ready for breakout and moving up. All the pharma stocks are consolidating for long time. Probably they will start moving next week. There is a cup like structure also.
SL can be placed according to personal risk apatite.
NB: This is not a stock recommendation, just sharing my views only.
auropharma 4 hourly near trendlline supportwill take sup and move up?? or can expect 925 little more down, lets wait for tmrw, but see how beautifully it reversed from 996 , with TT
AUROPHARMA INTRADAY & SWING OPPORTUNITYSELL BELOW THE LEVEL TO THE SUPPORT FOR INTRADAY
AND BUY FROM SUPPORT IF REJECTION COMES FROM THE SUPPORT ZONE . ( FORMATION OF BULLISH FLAG)
Long Trade in AuroPharmaTgt - 977 , sl - 948 . Just learning price action trading. Only for educational purpose. Do your own analysis.
AUROPHARMA - ALERT ! IMPORTANT LEVELS TO WATCHAUROPHARMA BUY ABOVE 961 TGT 968/976
SELL BELOW 953 TGT 945/937
Disclaimer : Trade at your own risk
AURO = GOLDAuropharma is a large cap pharma sector company involved in manufacturing of APIs. You can buy it from current level. Stoploss and Target as mentioned in chart.
Please use strict money management rules and strict stoploss.
This idea is for educational purpose only. Kindly consult your financial advisor before investing.
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Aurobindo : Looking good buy above 924Buying can be initiated above 924 for the first target of 970
initial Sl 893, keep trailing if comes in trade direction
Note : This idea is for only educational purpose
Auro Pharma: On verge of Breakout in to unchartered territoryAurobindo Pharma
CMP 965.75
Observations
- we are looking at a weekly chart of Aurobindo Pharma
- the stock tried it's luck to trade above the red line back in August 2020, but it could sustain on a weekly closing basis
- in the current set up, the stock is sustaining above the red line on a weekly closing basis
- the stock has closed near the high of 967 made in August 2020
- this stock needs to be watched closely
Any stock moving into unchartered territory after multi-year breakout can be strong candidate and we could be looking for targets of 1166/ 1204/ 1320 to begin with...
- sustaining above the red line for another week or may be two, could increase the probability of scaling newer highs drastically
- any dips towards the blue line / red line makes an interesting case for Longer term horizon
Alternatively ,
One may consider a Bull Put Spread strategy
Consider selling 880 Put option and buying 840 Put option
The strategy has a 10% ROI potential till 28 January 2021
The strategy has 3 important aspects,
- if the stock continues to rise, I would not lose on to the opportunity.
- If the stock falls moderately, I anyways intend to and am comfortable to buy at Mera wala Price in Equity around 905 -880 levels and
- 3rd point: if it manages to close above 880 on 28 January 2021, I still stand to gain 10% from the strategy as well as Buy the stock at Mera wala Price in Equity.
So no matter whether the
- stock price rise or
- stays where it is or
- falls down
I am in a happy state of mind in all 3 situations... 😊
Sounds Interesting...Curious... Is it really possible...
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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
