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AUROBINDO PHARMA LTDAUROBINDO PHARMA LTDAUROBINDO PHARMA LTD

AUROBINDO PHARMA LTD

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AUROPHARMA trade ideas

Aurobindo weekly breakoutA weekly breakout with 780 as a stop loss and trend can touch to 1500 levels. ***** Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation. I believe in keeping the chart simple for easy interpretation. Kindly express any disagreement & improvements so that we learn & earn together. 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.
NSE:AUROPHARMALong
by JKoptions
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.
NSE:AUROPHARMALong
by kapilmangwani