AUROPHARMA trade ideas
Auropharma trading near 38.2% filo retracement level (767Rs)Auropharma trading at 38.2% filo retracement level which is at 767Rs in the Weekly chart.
It also has broken up trend channel in weekly chart.
Reversal may happen at this level. If reversal does not happen then add more at level of 675 which is fibo level of 50%.
AUROPHARMA CASH LEVELS BUY @740-750 FOR TARGET 800-835-460-900Auropharma Cash Levels Buy @750-760 For Target
800-835-460-900-920+
Big Players Can Buy Fut Or 750 Ce Option When We Reach To Our Levels
Short AURO PHARMAchannel breakdown with Triple top formation on weekly charts, POOR RESULTS also. Next supports are mentioned in charts
AUROBINDO PHARMA1st August 2021
Buy around 882-884
Target 1 - 952 ;
Target 2 - 1021
SL- 831
This study is for educational purpose only.
Auropharma buyBuy from 825 to 815
easy target 849
Disclaimer : This is my personal analysis for study purpose not intended for trading
auropharma in good demand zone !auropharma :
trade setup :
1. buy at 852 to 850
2. keep stoploss as 828 on closing basis
3. targets 898/921/949/979+
technical setup:
1. parallel channel
2. demand zone
3. fibonacii reversal zone of 78.6%
4. trendline support
BULLISH VIEW ON AUROPHARMAPositional bullish view on Auropharma
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AuropharmaAuropharma weekly bat will be active from 827
result is there in this week
Trendline support also coming to harmonics buy level
@ Danger Zone - breaking below 890 will drag down more@ Danger Zone - breaking below 890 will drag down more
au pharma 24 % in 3 monthsfor education only.
its working under parallel channel .now coming towards bottom of parallel channel.
It will give good risk reward ratio.
buy next week below 900.for 20 to25 per return.
Buy opportunity in AuropharmaStock in moving in a channel pattern and has taken support on the demand zone which coincides with the 200 moving support.
Entry as per the price action-candle formation on 6th else wait for the trend line break out.
au pharma 20 % in 2-3 monthsfor education only.
working in channel pattern
bottom done 850 sl target high
Aurobindo Pharma: Chart set up and trading strategyAurobindo Pharma
Observations
- stock is currently trading in downtrend channel
- strong bounce back was seen from lower end of the channel
- the line of support at 885 identified in my previous post on June 24, 2021 also provided support
- currently trading at midpoint of channel
- till the time trading above the blue line, Medium term trend is still up
Given the set up, one may consider the F&O strategy
Sell 880 Put option around 14
Max profit potential Rs 9100/- per lot
Importantly inbuilt loss protection for a fall up to 866 on expiry day
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
AUROBINDO PHARMA--> Near long term support Consider buying in small lots near its support area as drawn in the chart
auro pharma good chart setup auro pharma u can buy cmp @916/ support of 895-905
for target 932 ,954
time frame - 7 to 15 days
support level match + fibo level match
aurobindo pharma in channel buy at cmp
sl 850
target 1120
channel in daily timeframe
it also broke a long term channel at 888
