Little bounce to be expected in aurobindo pharmaAurobindo pharma traded near its support zone.
Some bounce to be expected up to 845-850 if it hold 765 on closing.
AUROPHARMA trade ideas
Aurobindo Pharma High Probability SetupNSE:AUROPHARMA
Clean momentum in Weekly - Breakout and Retest function
On the Daily, clean Uptrend - taking support at previous Breaout high
On 75m - Inverse Head and Shoulders Pattern. A swing long entry can be taken only on confirmation (breakout of the neckline).
Auropharma forming a head & shoulders pattern.Since nifty has gained all the momentum for now, Pharma as a whole sector is consolidating. Auropharma has made a Head & Shoulders pattern. If it breaks below 850 with volumes, consider for selling. keep target of 770.
AURO PHARMA MAY DROP TO 555 LEVELS SOONERAURO PHARMA MAY DROP TO 555 LEVELS SOONER
EL:840-950
SL:999
AUROPHARMA - 2H TF - Head & ShouldersHead & Shoulders pattern forming on 2H Chart of AUROPHARMA. SELL 850, SL 890.1, Target(s) - 820, 800. Measurement = 112. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Sign of Profit Booking in AuroKey levels to watch for 842 and 968
Targetting 710 , if breaks below 842 on weekly timeframe.
AUROPHARMAThe above are only for educational purpose only not to recommend buy or sell so im not responsible for any profit or loss...
ABC Correction of ELLIOTT Wave on AUROPHARMA.ABC correction is ready for AUROPHARMA and Parallel Channel has penetraction at 5th wave.
The 800-700 Levels are possible short for this stock.
Kinnari + Elliott's wave theory
5 + 3 = Waves
Do you remembers my last research on AUROPHARMA with ELLIOTT WAVE?
Intraday (27-08-2020)Range contraction seen in 15 min time frame price. Expecting to see some volatility expansion.
Buy between 860 - 870Do you own analysis before taking any trade.
It's just my predictions and for educational purpose only.
Auro pharma(Equity) levels...25/08/2020 (1hr Candle)😊Auro pharma(Equity) levels...25/08/2020 (1hr Candle)
AURO PHARMA - NEUTRALReasons for going short and setup:
1) About to break from Head & Shoulders pattern.
2) Trading below 100 and 50 EMAs
3) Selling pressure seen as it is near around all time high.
Setup:
Entry: After breakdown from neckline with good volume. Ideal entry below 850.50.
Stop Loss: Can keep at 856.00; slightly above the support zone.
Target: First target near 840.00 levels where is a support.
RR Ratio: 1.75 (Entry - 850.00; SL - 856.00; Target - 839.50)
Reasons for going Long and setup:
1) Some good buying seen near the support zone which can lead to breakout from the trendline.
2) Still trading above 200 EMA.
Setup:
Entry: Can enter after breakout from trendline with good volume. Ideal entry at or above 864.00.
Stop Loss: Can keep at 852.00 - 853.00; slightly near and below the support zone.
Target: First target near 880.00 levels where is a resistance.
RR Ratio: 1.5 (Entry - 864.00; SL - 852.50; Target - 880.00)
Note: Can keep an eye on NIFTY Pharma.
