Something is cooking hereEW + Classical Breakout Stock: Auro Pharma is a stock that has been showing signs of a breakout. The stock has been in an uptrend for the past few months, and it has recently broken out above a key resistance level. This is a bullish signal, and it suggests that the stock is likely to continue to rise in the near future.
Huge Volume Spurt: The recent breakout in Auro Pharma was accompanied by a huge volume spurt. This is a sign of strong buying interest, and it suggests that there are a lot of investors who are bullish on the stock. This is another bullish signal, and it increases the chances of the stock continuing to rise in the near future.
Nice Breakout Done: The breakout in Auro Pharma was a nice, clean breakout. This means that the stock broke out above the resistance level without any hesitation. This is a sign of strong momentum, and it increases the chances of the stock continuing to rise in the near future.
Overall, Auro Pharma is a stock that is showing signs of a breakout. The stock has been in an uptrend for the past few months, it has recently broken out above a key resistance level, and it was accompanied by a huge volume spurt. These are all bullish signals, and they suggest that the stock is likely to continue to rise in the near future.
Here are some additional tips for trading Auro Pharma:
Use a stop-loss order to protect your profits.
Take profits when the stock reaches your target price.
Do your research and trade with caution.
AUROPHARMA trade ideas
AURO-PHARMA Aurobindo Pharma
Seems to be a strong buy for long term from here with at least holding for 1year from now as :
CMP 484
TGT 600-750-1100+
SL below 390 (52 week low)
TGT 600 can be seen very soon ..
Note : It's just an idea not any personal recommendation for the. Stock mentioned here.
Let's practise chart's together.
Comment any stock name to view and analyse: will love to do so .
AUROPHARMAAurobindo Pharma Wave analysis
WAVE 1 - Bullish Wave - 395 to 483 = 88
WAVE 2 - Corrective wave - 483 to 444 = 39
WAVE 3 - Bullish wave - 444 to 564 = 120
WAVE 4 - Corrective wave expected from here - 120 X 0.33 = 39.6 which is 564 minus 39.6 = 524 Target
At resistance now
Daily RSI : 85 Over bought
Purely technical
for shorters with stop loss at 570 short for target 524.
for long , Buy at 530 - 536 levels.
Nonetheless script is good for long-term
Long Aurobindo pharm Aurobindo pharm weekly candle taking 20 Ema support so we can take positional long trade with small stop 🛑 loss..
Buy above 505
Stoploss below ⬇️ 460
1st Target 🎯 560
2nd Target 🎯 600
Note: I m not a SEBI registered this is my personal view I may be wrong.
Before taking any trade do your own research.
AUROPHARMA : flag pattern in 1HAUROPHARMA given breakout of Flag pattern in 1 hour chart. good R:R even best if we get retest and then bull candle can be best choice to enter in trade
#AUROPHARMA
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
How aprice Action Workintraday 1day time frame. previous day big move than next day pause which means market taking rest and respecting resistence thosee who missed previous treend they are entering and those who participated in previous tend they are booking in the fear of ressistence, next day again move
#AUROPHARMA #CIPLA #DIVISLAB #DRREDDY #LUPIN #GLENMARK #PFIZER #AUROPHARMA
NSE: AUROPHARMA
CMP: 437
TP: 535
SL: 400
TF: <6m
RR > 3.5 times
Return > 22%
THYROCARE CNXPHARMA LUPIN NSE:CIPLA SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Auropharama might move upLooking at weekly and daily it has taken 1.5 times to reach 454 level, with Fib retrace it seems like to take support at 0.786 ie 454-453 if it indicates +ve with candle pattern then it might touch 500+ quickly in coming days with sl 450.
This is just my view make ur own analysis and trade..