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AUROBINDO PHARMA LTDAUROBINDO PHARMA LTDAUROBINDO PHARMA LTD

AUROBINDO PHARMA LTD

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AUROPHARMA trade ideas

Auropharma - Rebounded from 200 MA + Bull flag patternKey Highlights: 1. Approaching trendline 2. Flag and Pole pattern 3. Rebound from 200 MA 4. Support from 0.5 Fibonacci level 5. Volume lacking at the moment 6. Early signs of a breakout 7. Stop loss: 936 Better visualization of the pattern using line chart: You are always advised to use an appropriate Risk-Reward ratio as per your strategy. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
NSE:AUROPHARMALong
by johntradingwick
6
[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. ======= 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
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?
NSE:AUROPHARMA
by AnnieCocilaKhurana