2 year resistance, is it the time for break out?Forming triangle pattern in daily time frame
Breaking two yr resistance....
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AUROPHARMA trade ideas
Strong resistance may Break & start upward move Again trying to break resistance level it sustained above 910 may touch new high of 960 & 1000 too
Auropharma is ready to test multi year BO for the 2nd timeNSE:AUROPHARMA
Auropharma is ready to test multi year BO for the 2nd time. Also it has given Cup Handle BO in daily format. It is forming base towards ATH. Keep accumulating in DIPS till 860 SL WCB 850.
Weekly Chart:
Auropharma - Double Bottom - Fib Extn - LongAuropharma has formed double bottom at 738-740.
Also the Fib Extn with trend based has retraced the script to 742.05 and moved the script with 23.6% 900.05 where the stock has a strong resistance level in monthly time frame at 893.
So, if the script closes above 905 in the daily time frame, we can go for Long.
Entry - 905
SL - 735
Target - 1075
Disclaimer: Kindly do your own analysis before executing the trade.
AUROPHARMA LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
888-885 CAN ACT AS GOOD RESISTANCE; BUY ABOVE 892.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
AUROPHARMA ready for Breakout!Auropharma is knocking at the channel's upper TL, with an apparent Cup and Handle pattern. One can go long when this TL is broken, above 900, thereby crossing the psychological barrier also and expect 920 levels to be tested again.
aurobindo pharma preparing for big move to gp beyond-900buy auropharma intraday-buy-872-trgt-877,879 sl-65 buy after confirmation of balanced rsi if gapup open then go for buy at 882-trgt-895-trgt2-905 sl-875.
like my work if tommorrow hits the target.
AuropharmaAuropharm seeing a -ve WW
So Red horizontal line as sl
tgts Red and blue line
Chart is for study purpose only!!!
Auropharma - At 4 years of resistancePrice trading at 4 years resistance levels, earlier this year this was broken and the new ATH was set and now after taking the support price is all set to create new record once again in this December.
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AUROPHARMA Long and Short idea (Intraday)AUROPHRAMA is taking support at Trendline
Looks Good for Long above 876 level
Weak below 860 level
Cup Pattern on the Charts of Auro PharmaThe candlesticks are following a cup pattern. A thing to watch
Rounding Bottom patternThe stock is making a rounding bottom and looks good positionally above the resistance zone (890-900) level
AUROPHARMA : Positional Buy Trade SetupNSE:AUROPHARMA
Hi Traders,
AUROPHARMA trade setup and entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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Can Auro pharma This time Breaks This LinePast Six weeks Aurobindo pharma has been trying to break this trendline resistance. Can This time it make it.
Can Auro pharma This time Breaks TrendlineEducational Purpose. Past Six weeks Aurobindo pharma fighting to Cross this trendlines. Can This time?
AUROPHARMA, BREAKOUT FROM RANGE(CHART# 372)AUROPHARMA has been trading in range for past few weeks and have managed to close very near to breakout.
Above 888, it can go till 900.
Also keep SUNPHARMA in radar as it looks equally good above 528.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
