AUROPHARMA trade ideas
AUROPHARMA looks weak imoWait until 600 levels broken and can take entry selling pressure can come really fast keep an eye
AuropharmaAuropharma. on a M pattern which indicates the down moment after a double top ...so i expect the stock to go down .
Aurobindo pharma short term buyHr sideways + 15 Min tf trend line broken + 15 min tf trend reversal.
Auropharma : Channel breakout expectedAuropharma trading in falling channel.
Inside bars just below upper line of channel
On daily holding 20 SMA
Contracting on daily time frames
SL at 645
Targets 770/820
Buy Auro pharma for target of 750Buy Auropharma for target of 750
Consolidating in channel since long time.
Good RR at this price
AuropharmaAuropharma
Till Trading below 688 this may attempt a move towards strong support zones of 641-638
Next support at 601
Continous accumulation with 61 percent retracementTheory of continuous accumulation says that, the stock is ready for Breakout show. From recent rally 61% retracement is done and with nifty pharma showing positive sign, the stock can show BIG BREAKOUT SHOW.
Some Quick BucksOnly for positional.
Pharma has seen an continuous sell off and today made great pull back.
Enter at the given level SL is must.
Enter above 705.50
T1 740-745
SL 680
Happy trading.
Aurobindo Pharma: Chart set up and trading strategy
Observations
- Line of Support at 680
- 20 day EMA and 50 day EMA around 668 and 664 respectively
- 200 day EMA around 728
Momentum may come once the stock gives a close above 728 - 740 zone
20 day and 50 EMA might provide Support
Trading strategy:
Given the set up, one may consider
Selling Aurobindo Pharma 28 April expiry 680 Put option currently around 26
The strategy has a 12% yield potential and provides protection against loss for a fall up to 654 till 28 April 2022.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
“W” – Double Bottom Formation On the daily chart, the stock has confirmed “W” – double bottom formation on a closing basis indicating strong come back of bulls
The stock has recaptured its 20 , 50 and 100 day SMA and rebounded very sharply
Huge volumes near support zone implies increased participation at lower levels
The daily “band bollinger” buy signal reconfirm positive bias
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 765-785 levels. *Holding period is 3 to 4 weeks.
Auropharma rounding bottom with volumeAuropharma rounding bottom...
today good volume is seen... immediate hurdle 695... if sustained than 715+++
downside 640--650 seens good support
views are educational
AuropharmaPrice is consolidating within a small range. Buy above 682 with the stop loss of 677. Targets are 687,692 and 698.
Double Bottom possibility in AuropharmaAuropharma have bounced from the same spot and formed double bottom.
AUROPHARMA Bullish BreakoutAUROPHARMA Bullish Breakout
Stock has corrected almost 45 % from its All Time High.
Stock is been trading in Narrow range of 600-650 since last Three months.
Looks like it had completed its accumulation phase.
Expecting Whole Pharma Sector to perform well in coming FY.
One can enter at current levels
SL 640
AUROPHARMA BULLISH BREAKOUTAUROPHARMA Bullish Breakout
Stock has corrected almost 45 % from its All Time High.
Stock is been trading in Narrow range of 600-650 since last Three months.
Looks like it had completed its accumulation phase.
Expecting Whole Pharma Sector to perform well in coming FY.
One can enter at current levels
SL 640
Trade set up One can Look for Up coming Trade set up
Enter with your own Method and Exit using Trailing stop
Good luck
AURO pharmaAURO pharma .....chart is only for study purpose ...coz its showing some good strength ...with building volumes at lower levels .
