Classic VCP patternenter above 635 with above average volume
stoploss 8-10% i.e..570-580
upside open...trail stoploss
AUROPHARMA trade ideas
[ Long term ] Auropharma HODLI think we get to 1000 first, and then consolidate there. Here it has the option to bust up much higher to ~5000 over the next few years
AuroPharmaFallen from grace in Dec.2015. Once a darling of traders and investors. 3 years of correction seems coming to a close. Now Pharma industry is showing signs of sustained recovery. Price of Auro is heading towards 200 DMA. Price made two supports. Now 50 DMA is crossing 100 DMA which instills confidence. Real test will come at 200 DMA.
AuroPharma Sideways Swing TradeAuropharma is a good fundamental company and is in watchlist because Rakesh Jhunjhunwala is invested in it. Its having pressure due to its exposure to the US market. Most of the brokerage houses are maintaining the target as 850.
FNO Analysis -
The FNO analysis suggests huge put volume rise on 590 PE. It has a huge support at 520 and 530 levels and resistance at 540 and 560 levels.
Stop loss on a closing basis has to be maintained very strictly because of the current bearish sentiment in the market. The risk and reward of this trade are pretty lucrative.
Aurobindo Pharma : Breaking Down from important support levelAurobindo Pharma : Breaking Down from important support level
AUROPHARMA SHORT TERM BULL OPPORTUNITY - LONG AT Decent DZFOR EDUCATIONAL PURPOSES.
Price heading towards a decent Demand Zone. Can long with 12 Rs SL.
AUROPHARMA strong signs of an upcoming uptrendRSI at a monthly and weekly overbought
truncation achieved at the current bottom implying strong signs of a trend reversal.
Short term Targets:(rounded off)
724
800
Longer term:
900
AuroPharma, 200 DMAWhy should investors and traders refer to 200 DMA for taking correct trading and investing decisions? This stock study gives us insight which we can use in other cases also. Price went above this significant MA and bulls became active. It was darling to stock investors then. And below this MA bears became active. Now trend is confirmed bearish.
AUROPHARMA cautious LongAUROPHARMA cautious Long above the purple line .. Pharma stocks should outperform NIFTY
AUROPHARMA Short term Positional Call (2-3 days)Aurobindo Pharma Limited Trading technical call for short term
Buy Above 663 Closed basis SL 648 Targets 675 678 683
For education purpose only
Auropharma- Magical Ladder 662 -684 -669 & Next Bullish BatAuropharma - 9th Jan2018
Note - Time to move through watchlist stocks depends on lot of factors like internet speed & others. Ideally it takes 1-2 mins which can be extended as well but amazing feature to check the stocks in quick time.
Ladder - isn't this an amazing tool because we can use it to travel upside & same can be used to travel downside - what's a big deal in this, as everyone knows it but if we get such a ladder to move upside & travel downside safely in the market - that becomes a magical ladder.
A tool which is necessary but possesses an inherent level of injury risk even through basic use & this level of risk is even exacerbated with improper use.
Some of the ways how people get injured using a ladder ----
You aren't using a proper ladder or trying to reach too far from the ladder- extended ladders which can be dangerous. So, how can you reduce the level of risk is by having proper risk management.
As Analyst you could use Candlestick Patterns , Divergence, Indicators & others to have proper risk management.
Before we dip into current structure & pull up previous analysis. Let me just tell you some basics about TradingView platform - Watchlist - Can be used to check 50 stocks in 1- 2 mins - isn't that amazing & handy feature.
Hi All, Excited to come up with latest update on Auropharma -Magical Ladder 662 to 684 & Back to 669 - Next Bullish Bat -Are you ready - So, let us begin!
Possible Elliot Wave Count - AuroPharmaAuroPharma is in a long term bull market of which we could be in wave 5 of a larger wave 3. It is highly likely that we finished the wave 4 of 3 at 503 and resumed the uptrend. The move 503-806 looks impulsive but it is also possible that it could be wave B rather than the wave 1 but that will be my secondary count. My primary count suggests we have completed wave 1 and we are in wave 2 of the new impulse which started from 503.For long term investors it will be worthwhile to add some portion of your capital towards AuroPharma around 665-640 area. AuroPharma has to move above 895 to complete any long term wave pattern as the structure at the top is that of an ir-regular correction. Minimum target on the upside could be 940 but it could extend all the way up to 1200 or more.
Good Luck!!!
BUY AND HOLD AURO - FOR LONG TARGET IS 957, 1100
Even its correction, Minimum Up target is 957
If its impulse wave target is 1100
Now bulk investors can buy and hold
for GOOD move above 900
Ascending Triangle LongAscending Triangle.
Long on complete formation of green candle above the resistance.
Keeping Resistance which will become support as SL.
Will follow this closely.
My Trading Tricks on AuropharmaAuropharma chart looking super bullish
Buy Intraday @713 - 708 stoploss 703
Target 721 - 733
Buy Positional and also short term for Target 860 - 940
any Query can Gmail me
bulltraderspro
