Auro pharmabuy after retesting support area
support = 480
buying range = 480 - 483
target = 525,550
stop loss = 460
AUROPHARMA trade ideas
Auro Pharma, Wedge BreakoutAuro Pharma looks attractive...
Fundamentals : Strong, Fairly valued..Among Pharma Leaders, Consistent on Sales, Profits, EPS. High Reserves vs low debt..
Technicals : Broken Falling Wedge.. Weekly closing above 21 EMA, Good RR
R1: 555
R2: 635
R3: 740
SL : 430
27th March 2023 || Nifty & Banknifty + Stocks for Swing Trading Analysis Criteria Used:
1. Please find the Chart Analysis done for the 27th March, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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break out with good volume. go for longBuy above the high. SL below the low. The volume is good. Doing well in bearish market.
AUROPHARMA resistance breakoutAUROPHARMA resistance breakout on daily frame, one can accumulate at this level SL@ 491 on daily timeframe closing basis TGT1: 506,TGT2 : 517
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
Aurobindo Pharma Aurobindo Pharma: Another bottom fishing 🎣 good quality stock. Fundamentally strong, market leader. Look at reserve of the company in last 10-11yrs grown nearly 10times, investment grown at same pace, other investments too. net debt company.. continues growth in top line. Currently available at 1.1 to book value, available at half to industry PE... CMP:500 add more once cross above 560 for the upper range target.
Short-term view of Aurobindo PharmaAurobindo Pharma has made a significant low of around 400 and started going up and has made wave 1. It corrected wave 1 between 38.2% & 50% and went higher as wave 3 which was very powerful, strong, and fast. Wave 3 has also contained a minor wave i and after correcting minor wave i @ 50% and got past minor wave i. Now, we can expect wave 3 for 530 (as 100% of wave 1), next tgt 550, 563 & 583 level. You can buy it around 495 with Stop Loss below 466
AUROPHARMA Bullish; above 478 on Friday 17 Mar for IntradayExercise caution as broader market is bearish.
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
#auropharmaStock is retested it's supportive zone after BO, and again near to BO. Watch chart for support and resistance.
AUROPHARMA: Bullish Flag BreakoutStock is has formed a bullish flag pattern on 4H chart being the support region near 455 zone & resistance area at 474 zone. Any sustained move above the level of 475 will lead the stock towards 500/520/560 in a very sharp upside rally.
Trading strategy:
Buy on cmp 473-74 with SL of 455 and look for the immediate target of 500 and later 520/560. The measured bookish target for the bullish flag is coming about to be in the region of 560.
Aurobindo Pharma: Bullish SetupNSE:AUROPHARMA has quite a few interesting setup traits:
In the volume profile one can see the two PoC (Point of Control) - one during downtrend - another during uptrend - placed at 444 and 474 level.
The PoC at 474 is really interesting. Means the interest is at the sustained levels of price.
Absolute high volume
Uptick in Momentum (RSI).
Price Structure - was creating LH-LL. Then last one month (since 1st week of Feb) it actually pulled up and able to deny the structure by making a High higher than previous lower-high. That denotes the end of corrective phase.
And then price is actually inside a Darvas box since last two weeks.
Today it seems getting out of the Darvas box with volume and momentum.
See the two AVWAP placements :) The upper line avwap line it will touch as T1.
Please keep the SL at downtrend PoC at 445.
Healthy correction and now coming to strong support 400long term consolidation and available at a strong support of 400.
AUROPHARMA BEARISHAuropharma closing 457.5 with stoploss 475 then targets are 398-385.
Selling Reason.
1 --> Price is continue stay below the #Resisance.
2 --> Price is also make the Range.
3 --> #RSi is near 50.
4 --> #ADX is show the #Bearish move ad -DMI is rise.
5 --> #Volume is also show the selling volume.
6 --> #Bollinger Bands are ready to #Squezee.
Pennant Pattern In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Script = Auropharma
Time Frame = 1 Day
Auropharma-Portfolio Stock Getting Ready for 1000-Are You Ready?Disclaimer - " This Idea is for Educational Purpose"
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Stock Has Done 6-7 Years of Sideways Correction from 2016 tops of 895 & Getting Ready for Big Impulsive Move Upside Next Holding on the parallel channel bottom & above 400 strictly.
Are You Ready as a Investor. Keep watching next waves for the stock.
In 2016 When I published 1st Idea on Auropharma - The Terminal Thrust & Identified the top as 895
You can check the idea on profile page -
in.tradingview.com
Kindly consult your financial advisor before taking any positions.
intraday
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Shorting Auropharma
how price action work
shorting auropharma at 467
sl 482
trg 450
logic market never move in single it has to take pullback or called retracement
if you have any querry or your opion kidly ask
AUROPHARMA • There can be straight move from 470 to 538 as there is no hurdle / major resistance between.
• Good Risk-Reward (1:3)
• Entry :- Above 450.70
• Targets :- 470 , 538 , 552
• Stop Loss / SL :- 418 Support zone .
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
[Diary] Auropharma Price Action Overview I already have buy position.
Just noticed another pattern as I made good money intraday today in same pattern as shared here
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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intraday
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
