AUROPHARMA trade ideas
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.
Auropharma Short Term Analysis_25/08/20a. Zone: Strong Bull
b. Resistance 1: 886.90
c. Resistance 2: 894.15(Double Top Bearish Pattern)
d. Support 1: 868.80
e. Support 2: 854.30(Double Bottom Bullish Pattern)
NSE:AUROPHARMA
AUROPHARMA - LONG SETUPAfter giving breakout, it has come to its earlier resistance and taking support. Good for positional & intraday.
AURO PHARMA as long as 850 is not breached on down side
can expect the stock to move towards 890/900
NSE PHARMA SECTOR STOCK ANALYSIS AUROPHARMA | CIPLA | ALKEM | BIOCON | CADILAHC | DRREDDY | LUPIN | SUNPHARMA | TORNTPHARMA
