AUROBINDO PHARMA Trading Setup1. Channel pattern breakout
2. Retest
3. Making higher highs & higher lows
4. Good upside potential
AUROPHARMA trade ideas
[Intraday] AuroPharma Buy IdeaNote -
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.
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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.
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Aurobindo Pharma- Real breakout or false?The price of Aurobindo Pharma broke resistance at about Rs. 956. As has been a very real possibility with many stocks, this could be a false breakout when we compare the trend with its peers Sun Pharma and Dr. Reddys who too witnessed an uptrend in the months of April owing to the second wave of Coronavirus pandemic. The stock prices could very well fall down below resistance when the pharma sector does not witness such exponential growth, hence this breakout could be short lived. There is currently a sideways trend at Aurobindo near about the resistance levels.
However, We can see a long wick/shadow of the candle at the resistance levels indicating that while prices fell during the day, the bulls managed to push it back up, indicating high demand. Continuing the technical analysis, the current prices are below MA 50, which is usually taken as an indicator to buy. Moving to fundamental analysis, the company is delivering consistent profits and sales volumes and its PE ratios are quite lower compared to its competitors (while it had rise in earnings). Promoter holdings and DII FII have been consistent year on year with no news of any withdrawals. These signal a good fundamental growth in the company. In my opinion, this can be a good buy for a short term period. What are your thoughts? Is the breakout here to stay?
AUROPHARMA M PatternSee the chart but don't trade with this. Do paper trade. This is only for educational purposes.
#Auropharma cash : Looks good above 1008.10#Auropharma cash
07.05.2021
Looks good above 1008.10
stoploss 998
Target 1036/1060
(Positional tgt 1200/1500)
Cmp 1003
AUROPHARMA FLAG PATTERN BO DONE WITH HUGE VOLUMEAurobindo pharma Pole & Flag Pattern Breakout Done with Huge Volume.
SWING TRADE OPPORTUNITY
BUY ABOVE 1000 FOR TGT 1050-1100+ WITH SL 925
AUROPHARMA - CMP: 994The stock has given Falling Wedge breakout on the daily chart with good delivery volume. RSI also turned to a positive zone. We can expect price movement up to 1030 in the near term. Also expect price movement up to 1090 in the mid-term.
Aurobindo Pharma Share Trend Analysis by THE DECISIVEWe bring another trend analysis of a well known Pharma Stock AUROPHARMA. Aurobindo Pharma was making a trend since May 2021 & now it has given a breakout with vol. Expecting a good bullish movement.
One 1D time frame Since June it is making a higher high & higher low which also show that an uptrend is occurring in the stock.
So, You can take Target & SL as per trend analysis which we suggest/teach during our Beginner Module Course. Happy Earning!
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
To learn more on Fundamental & Technical analysis, please do register for our Beginner Module or Contact us.
This was just for educational purpose only & not recommending to BUY/SELL of any Script.
AURPHARMA: Bullish Flag Breakout On the Daily Time FrameAccording to the charts, there is a bullish flag breakout on the daily time frame, which is being supported by healthy volumes.
The stop-loss is set to be less than 5% of the breakout price level.
The target is projected to be 192 points above the breakout level, which is exactly the same as the distance between the bull flag's starting point and the breakout.
This trade has a risk-reward ratio of 2.5.
Aurobindo Pharma 5 % Breakout, post tight consolidation!Aurobindo Pharma was consolidating for a while near the Supply Zone /Resistance. The price burst out like water bursts out after huge pressure build up inside a pipe. On similar lines, when there is strong consolidation , its like pressure building up on the price near a resistance or support and soon after , the price breakouts with extreme force. A same action was seen in the Auro Pharma stock . Also, this has to be supported by strong volumes (volumes are strong), when the volume moves , price follows! We have a good consolidation, supported by good volume and we see a bullish pin bar candle while the price was trying to breakout. Bullish pinbar candle near a support or a breakout zone ( resistance /supply zone) suggests that bulls/buyers are very strong and are pushing the price up!
