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AUROBINDO PHARMA LTDAUROBINDO PHARMA LTDAUROBINDO PHARMA LTD

AUROBINDO PHARMA LTD

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AUROPHARMA trade ideas

DOUBLE TOP NECKLINE BREAKOUT IN AUROBINDO PHARMAThe double top pattern is one of the most common technical patterns used by Forex traders. It’s certainly one of my go-to methods of identifying a potential top. Just as the name implies, this price action pattern involves the formation of two highs at a critical resistance level. The idea that the market was rejected from this level not once, but twice, is an indication that the level is likely to hold. However, as simple as that may sound, there are a few critical things that must be present for this topping pattern to be useful (and profitable). By the time you finish with this lesson, you will know exactly how to identify a double top as well as how to enter and exit the pattern to maximize profits. I’m also going to share with you a simple but effective method of staying out of trouble. Let’s get to it! As you can see from the diagram above, the market made an extended move higher but was quickly rejected by resistance (first top). The market then pulled back to support and subsequently retested the same resistance level (second top). Once again the market was rejected from this level. One common misconception is that the double top pattern becomes tradable once the second top forms. The truth is, a double top is only confirmed and therefore tradable once the market closes below the support level (neckline).
NSE:AUROPHARMA
by capitalsmack
Pennant Breakout: AUROPHARMABullish Pennant/Flag is a continuation pattern that if appears in a uptrend/downtrend indicates further continuation of that trend. Here, I have used the monthly chart of AUROBINDO PHARMA in which it gave a breakout after a major consolidation. Besides that its fundamentally strong and YOY revenue has been increasing. The whole Pharma sector gave a correction but a reversal is expected soon. While trading these patterns make sure you trade on retests right after a breakout. Let's turn to FUNDAMENTALS now (Beyond Technical Analysis) Mkt. CAP - 40,963 Cr. PE- 7 OPM- 21% ROIC=14% Cash flow from operations- 3328 (increasing) All the levels are mentioned in the chart. Happy Investing!
NSE:AUROPHARMALong
by UnknownUnicorn21160479
AUROPHARMA - Price and Trend SetupLooking at price and volume action it can be assumed that someone is making entry into stock. Price was on rapid drop while first hammer shape candle has formed in downtrend. This could be first attempt to observe the supply available in stock, as stock is in previous strong demand zone therefore high chances that any available supply will be consumed looking at fair price stock is available at. This could also start consolidation period if someone want to soak up all the supply available before moving price upward. Next few day or week candles can give more clear picture but stock can be added to watchlist basis above analysis.
NSE:AUROPHARMALong
by MrGaggi
[Basket] Auro Pharma Swing Bet 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. ======= 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. ======= 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. ======= 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. =======
NSE:AUROPHARMALong
by Amit_Ghosh
2
[POSITIONAL] AUROPHARMA LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** 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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:AUROPHARMALong
by Palkesh_Agrawal