AUROPHARMA.. run over?AUROPHARMA.. blitzkrieg run is most likely over for the short term
looking for correction to 700 680 655 with time SL todays high.
note: results on June 3rd
AUROPHARMA trade ideas
AUROPHARMATake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
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Auropharma- Harmonic Bearish Butterfly Pattern - ShortAuropharma has formed Harmonic Bearish Butterfly Pattern .
Once the Script reaches 760.10..
Go for Short..
Target 1 - 630
Target 2 - 550
Target 3 - 500
SL - 840
Disclaimer: Kindly do your own analysis before executing the trade
Aurobindo Pharma Limited - Beyond 52 Week HighAUROPHARMA
Aurobindo Pharma Limited had breached prior 52 Week High 734.80 successfully. Increased volume backing the momentum.
Technical Indicators are Bullish.
Time-trend Indicator is Bullish.
Currently, the stock is moving in a rising channel. Once it breaks out of the channel with Volume, a further upmove is expected.
Swing Low of 698 is the nearest Support.
KEEP AN EYE!! #B+
#tradingedge_academy #SMTA_institute
AuroPharmaNSE:AUROPHARMA seems to be popping out of it’s shell and is headed for a decent up move. Should see a decent surge above 550. Can go long for 575-580 levels.
Anchored VWAP chart study for Auropharma[22nd May, 2020 EOD Analysis}
Self explanatory & Annotated Chart
Additional Pointers:
- DO NOT Short as long as it is above 714/ Orange Anchored VWAP
- Bullish on Higher Time Frames too & better not to fight the trend. Shorts would only be for a minor pullback
- If you notice there is also an Ascending Triangle breakout. Once we get above the Rising TL it will be confirmed
- No signs of any Rising Wedge for a Trend reversal
my morning call of auro pharma strides aheadplease see my call of morning.
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