auropharma for breakoutStock in triangle formation ,downtrend.
close to 200 EMA.
Watch for break out upside or downside.
AUROPHARMA trade ideas
AUROPHARMA Getting ready for bull moveAuropharma is getting ready for another bull run.....
Sellers are unable to bring the Price down and buyers are showing that they are buying at every price and will not allow sellers to bring this down.
Closing above 800 will open the Targets for 900+ and then 1000
Trade can be taken with 750 as stop loss because below this Buyers will surrender and may will try to cover there losses.
Bearish Crossover Auropharma stock make bearish crossover and now its downtrend stock it can be sell if it's break its resistance zone with sl of 811, target of 764, 738, 664
Trend analysis of Aurobindo pharmacyTrend suggests that in auro might touch a level of 805 for a very short period of time and act as resistance and thereafter decline in price
- Just analysis
AUROPHARMA Long and Short idea for Intraday(Monday)AUROPHARMA Looks good above 785 levels for Long and Looks weak below 774 levels for Short between 785-774 is no Trading zone
Auropharma - Cracks Again Part 2 (Reached close to 800)Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Last Price- 784 / 12:48 Hrs / 5th Nov2020
Suggested in last idea- Stock reached close to 800 & started downside move. Hope you took the advantage of selling at tops close to 800
Risk was 5-10 points
Downside is open for 750/738 & even lower
Move has already started - If missed then risk becomes bigger & I won't advise to take sell as stops were above 800 -key level
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Last Idea - Auropharma
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AuroPharma - 15 Mins candle, can be considered for intradayOnly enter once u get a proper breakout or reversal from the support or resistance, please support my views
Auropharma view.Auropharma facing strong resistance at current trend line. if breaks current trendline may face resistance on next one.
Educational view / Expecting this / auro pharmabuy 773.00--776.00
Stop loss 724.00
targets 838.00 -- 886.00 -- 926.00
Bullish Engulfing PatternTarget i have shown in the picture.
If you like this Idea and this Analysis just please like this idea and leave a comment.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
Bounced from strong Support (Chart-1)Auropharma is having a strong support at the level of 751 and a bounce from that level has given a good entry position, there is a strong resistance at the level of 788 also if it breaks that level strong up move can be seen.
Buy @ CMP-769
Target1-790
Target2-850
SL-749
Up Coming Trade set up ( Text Book Example of Expanding Flat) One can let this correction to complete , wait for strong reversal on 2 Hour candle before taking buy set up ,
You can also view there is an Text Example of Expanding Flat or its Named as Irregular Flat as per Elliott wave theory
at this Junction one can wait no need to go for short sell as the trend is about to complete its move
Look for buy set up
Good Luck
Auropharma- Cracks Again (Drops Close to 735)Quick Recap on
Auropharma
Hindalco
Reliance
Finally shall with NIfty Index review for idea published yesterday.
Thanks for watching the idea.
