AUROPHARMA trade ideas
Long Aurobindo PharmaAurobindo Pharma has bounced from a strong support zone and a possible up-move can be expected from these levels.
Trade at your own risk
Trading Genius.
Aurobindo Pharma: Get well soon 🙂Aurobindo Pharma
Observation
- we see a stupendous rally in stock from 797 to 1063.90 levels in 2 months
- Since May 11, 2021 The stock is in down trend
- 899 is 61.8% retracement level for Aurobindo Pharma
- 880-889 has played a crucial role for the stock acting as resistance and support multiple times
Given the set up
Any price around 920-880 provides excellent risk::reward ratio to go long in the stock
Target: 1166 / 1248
How I arrived at those 2 target - have done the marking in the chart for your understanding & learning purpose
- Blue line drawn from 797 to 1064 is the reference line
- mirrored the reference line at 2 important levels on the channel
Hope you make the most from it.
Stop loss weekly close below 850 (as this is a medium to longer term view, weekly close becomes more relevant)
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F&O Strategy for July series
Consider a Bull Put Spread strategy
Sell 29 July expiry 900 Put option around 17-18
Buy 29 July expiry 850 Put option around 6.5
(This buying is done to reduce the margin requirement and thereby give better ROI if view holds true)
Max profit potential Rs 6825 - Rs 7475/- per lot.
(Yield potential 13.5% approximately)
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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
Over valued; A drop is comingThe inverted head and shoulders pattern have been forming for some time and even though it is on green but it is bound to come down as this is over valued. Wait till 880 and 796 levels to enter the stock. RSI is over bought on the monthly time frame. See the retraced bar pattern from nov 2020 to march 2021
[POITIONAL] AUROPHARMA : SnR Correction BetThe breakdown was perfect on the rising channel.
If it respects Support, Long it with proper strict SL.
As per Chart.
DD Advised.
#74 AUROPHARMA ANALYSIS#74 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.
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Watchout for Support Breakdown - Head & Shoulder FormationPersonally feel that it should bounce. Don't Get trapped. Trade with discipline.
If it breaches 946 levels, then may see some selling towards 900.
JUST EDUCATION INTRADAY PURPASE MAJOR LEVEL 1000 THIS LEVEL TOUCH , TARGET 1040,1050 STOP LOSS 950 BULLISH STOCK INTRADAY PURPASE
3rd OF 3rd WAVE OF AUROPHARMA JUST BEGUN3rd of 3rd wave of AUROPHARMA has just begun. fresh positions may be initiated. Stop loss should be at 950.
trade at your own risk.
Feel free to like & comment.
AUROPHARMA S&R ANALYSISOnly for Educational Purpose---------------------
Based on Support and Resistance >>
Target 1 - 1042
Target 2 - 1062
SL - 996
Time Period 2-3 Trading Days.
#Auropharma cash : Looks good above 1016.10#Auropharma cash -Positional call
13.062.2021
Looks good above 1016.10
stoploss 990
Target 1080/1200
Cmp 1009.80
Auropharma - Intraday - 14th June 2021 - Swing TradeAuropharma Range breakout near the support zone.Taking resistance of a Tl now. Looks good for intraday if breaks the TL and holds above the mentioned price label.
Auropharma - Head and shoulderOne should always wait for the pattern to complete and take the trade at the right place.
Last time the same script bypassed the pattern and went up big ->
This time it is inverted Head and shoulder pattern ( not completely formed ) Some may take the sell trade after seeing this but it wont work on that way. One should wait for the trend line break and even wait for the retest of the breakout level before entering the trade.
Auro Pharma - Swing Breakout with Triangle Pattern - LongHi Guys,
Greetings from Thenali Views,
Auropharma was breakout the strong resistance zone level of 997 and closed above the resistance with good volume
The script has formed good buildup in the resistance zone and breakout was happened.
Also the script has formed a double bottom.
Hence, now we can go for Long.
Buy - Range 997.60 - 998
SL - 947.60 (2x - ATR + Swing Low)
Target - 1065.60 ( Neckline of the double bottom)
1hr Time Frame Chart : For Multi-time Frame Analysis
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.
Auropharma Auropharma above 1022 . We can see gud upside movement for short term near target will be 1044 . Also stock breakout from consolidation nd giving closing above 50 days moving average
AUROBINDO PHARMA READY FOR BREAKOUTAUROPHARMA AGAIN & AGAIN TRY TO BREACH RESISTANCE NOW ITS TIME FOR BILL RALLY
AUROPHARMA LOOKING BULLISHAUROPHARMA AFTER LONG CONSOLIDATION IN MONTHLY TIME FRAME. NOW READY FOR BREAKOUT.
Head and ShoulderView: Bullish
First shoulder and head done, again stock moving to create shoulder.
Also inverted hammer is created at support level so its confirm sign stock
will be moved upside at least 6%.
Auropharma Auropharma
Auropharma is taking support on a very important demand zone. If sustains demand zone, there will be a great buying opportunity on deeps. Otherwise stock will continue to downtrend for a short-term period.
Demand Zone: 958 to 950
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