AUROBINDO PHARMA - Long Setup NSE:AUROPHARMA
For Education Purpose - AUROBINDO PHARMA looks good for long between 1015-1006 . Can touch 1100, 1140. Stop below 995
AUROPHARMA trade ideas
AUROPHARMA Long with SL below 994Auropharma restested its recent breakout and is not moving up strongly. It has good support at 994, one can go long with SL below 994 on closing basis for 1100+
Auropharma looks goodAuropharma looks good, sustaining 1025 levels, it could move 1056 levels in the near term.
Intraday Trading Idea for Auropharma for 24th May 2021Intraday Teaading Idea for Auropharma for 24th May 2021
Auropharma - Bullish viewAuropharma - Bullish view , 1000 may act as pshycological support , If its not broken then we can expect price move upto 1100. Lets see how it reacts on support level of 1000.
View negated if price breaks below 1000 and closing on weekly basis.
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buy auropharmabreakout retest done in auropharma 2hr chart. we may see 1020 in coming days. view negated below 950
AUROPHARMA ::: BULLISHDATE: 25.04.21
TYPE: HIGH-RISK TRADE.
INSTRUMENT: AUROPHARMA
TIMEFRAME: DAY
TREND: BUY
CMP: 993
BUY ABOVE: 991
SL: 980
TGT 01: 992 (ACHIEVED)
TGT 02: 1004 (ACHIEVED)
TGT 03: 1016
DISCLAIMER:
WE ARE NOT S E B I REGISTERED ANALYSTS. PLEASE CONSULT YOUR PERSONAL FINANCIAL ADVISOR BEFORE INVESTING. WE ARE NOT RESPONSIBLE FOR YOUR PROFITS/LOSSES WHATSOEVER.
AUROPHARMA Daily Two Strong Bearish SHARK patterns
Earlier on Type 1 entry of bigger shark Pattern given good reaction & Hit TARGETS
now price is again in PRZ Zone of Pattern Therefore it becomes a TYPE2 Entry which is REVERSAL &
another Bearish shark pattern forming making this level even stronger
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Aurobindo pharma 1. Breakout at cup and handle pattern.
2. Consolidation from long time
2. Pull back started
3. Long position only
4. Not for intraday
AUROPHARMA LONG TERM BREAKOUTAurobindo pharma gave break out in long term 1w chart also its making head and shoulder pattern in the daily chart also have a look.
AUROPHARMA Daily Bearish SHARK & Crab
VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
On the BREAK of the LOW of 1st ULTRA HIGH Volume bar when NO DEMAND ( up bar on volume lower than previous two volume bars, generally spread is narrow but it can be wider) appear market fell of and hit TARGETS
now price is at 0.886XA of SHARK.. will price go to 1w.13XA SHARK or 1.168XA CRAB for giving REVERSAL or can we expect REVERSAL FROM 0.886XA SHARK
SET UP BECOMES VALID ONLY when RSI is below 70 and with low volumes & with NO DEMAND l.e place for short
POTENTIAL SELL
AUROBINDOPHARMA All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Long on Aurobhindho pharma #SwingIn a side way channel
Rsi is above 60 level
Can reach upto psychological resistance 1000 level
Target -1000
#AUROPHARMA chartRSI I trendline has given a breakoutin daily charts. It will be interesting to look at price action from hereon. Once ATH is taken out price can do 1100 easily. CMP 800. Follow up buying is needed though. Short term Resistances are
1. 830-835
2. 875-880
3. ATH of 967
