AUROPHARMA trade ideas
Auropharma H & SThe stock has formed H&S pattern and seems bearish for the upcoming sessions.
These are my personal views, follow your own analysis while trading.
Aurobindo pharma short caseHi friends
Aurobindo pharma clearly broke the head and shoulders pattern.
You can short on retesting of the neck line with stoploss above the right shoulder.
Blue line is target.
Your humble trader
KIRAN
AUROPHARMA is Making Symmetrical Triangle Pattern (Breakout)Aurobindo Pharma Limited : Pharmaceutical Manufacturing Company ( NSE:AUROPHARMA ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Super chart from pharma space 50-70% returns in 1 year expected
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets out of CHIPS...!!
Pharma Rally | AUROPHARMAPharma stocks have been corrected from their highs.
Auropharma has given a breakout from the trend line with high volume.
Macd is also giving a signal for reversal.
Buy @ 821-825
Target I - 887
Target II - 961
AUROPHARMA | Convincing wedge breakout with volume and retestedAUROPHARMA | Convincing wedge breakout with volume and retested
CMP : 818
SL : 805
Target : 885, 950
Auropharma Descending TriangleDISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
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Auropharma Descending Triangle.
Currently in Wave D of triangle.
Short all bounces towards 800-810 Stop loss 822 target775
If breaks below 773 on 15 min chart after wave E then 730,700
Strong close above 850 is the key for longPrice after breaking the pattern reached the resistance levels in a days trades. As discussed before always buy at support to avoid the pressure after taking the breakout trade. :) !!
850 should be the resistance level for this breakout and if breaks this levels it should reach 880 and more in the coming sessions.
AUROBINDO - FOR LONGAUROBINDO PHARMA: Reversed from PRZ /From Major Support around 770. It has also given a DOJI in last session. Go long above 810- INTRADAY/POSITIONAL
SIMPLE - NO NONSENSE!
