#Auropharma cash : Looks good sell below 950#Auropharma cash
04.05.2021
Looks good sell below 950
stoploss 972
Target 928/904
Cmp 956.50
AUROPHARMA trade ideas
AUROPHARMAAuropharma is looking bullish and might break previous 52wk high..
(Attractive risk to reward ratio)
Kindly follow to know Entry/Targets and SL..
Note: Only for education purpose/Kindly consult your financial advisor before taking any trade..
Can be entered at this time going by the trend lineCompany planning a demerger to unlock shareholders value ,as it is the only pharma company with lowest PE which is 10 , though company enjoys good revenue
Also keep an eye on 20 EMA
Can be bought for short time period
AUROBINDO PHARMA I CAN SEE CHANCES OF BOTH UPWARD AND DOWNWARD MOMENT......
IF IT CROSSES THE RESISTANCE IT WILL SURELY GO AND MAKE HIGHER HIGHS......
IT CAN ALSO MAKE DOUBLE TOP AND BOTTOM SO WAIT TILL IT CROSSES NECKLINE DURING DOWNWARD MOMENT AND SELL......
Aurobindo weekly breakoutA weekly breakout with 780 as a stop loss and trend can touch to 1500 levels.
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Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Aurobindo Pharma may retest its high of 1016 soon.After the positive news of Pzifer signing an agreement with Aurobindo Pharma for its Covid-19, the stock markets clearly gave a positive reaction. A 2.70% (26points) gain in a sudden 30mins. ATH of 1016 is still intact.
Looking at the price action, momentum still looks right and intact.
Accumulation happening during the retracement of 0.618.
*MACD showing us a 3 bullish hook pattern (Signal Line crossing up the MACD line) indicates that the buying pressure is still intact.
Might as well easily the break the resistance and ATH of 1016.
We might witness targets of 1.272 Fibonacci i.e. 1046 levels.
Strict SL of 963.
Keep trailing your SL.
Auropharma...... Barracuda in 4 hr charts ???Explained on charts ........
This is just my view.... trade according to your own risk management .
Question on AUROPHARMAStock is clearly at resistance, And that too a very strong one.
Staying above 1020 for few days can do well.
Since Trend is good, One can go long on dips as well till its holding above rising trendline.
AUROPHARMA - CMP: 993It has given rounding bottom breakout with v.good delivery on the weekly chart. It is also moving in a channel on the daily chart. It is taking resistance at the upper trendline of the channel band. ADX is confirming strength in movement. Closing above 1023 will confirm channel breakout. We can expect a breakout price movement as 1030, 1090 in the near term. Also overall channel breakout target as 1250.
longauropharma if start trading and sustaining abv 1015 then it will have a weekly breakout and ATH breakout
weekly volumes are incresing
daily 3 dozi near resistance IOI
Auropharma possible rounding bottom breakoutAuropharma pharma closing above 970 will give big move and breakout.
Target details given chart
SL-885
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whoever waiting for big fall in #nifty coz of #corona they should be little careful here at this stage as technical saying something else. short #auro with strict sl as per harmonic pattern. to understand the science do not miss my videos.
