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AUROBINDO PHARMA LTD.AUROBINDO PHARMA LTD.AUROBINDO PHARMA LTD.

AUROBINDO PHARMA LTD.

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AUROPHARMA trade ideas

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... Welcome to the World of Option Strategies If you wish to learn, message in Private Do Hit the Like button and don't forget to Follow...!!! 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
NSE:AUROPHARMALong
by indiamarketoutlook
AUROPHARMA LONG I hope you can now see how AUROPHARMA represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:AUROPHARMALong
by EntryandExit