AUROPHARMA trade ideas
auropharma looking attractiveas we can see script is now available at the lower leg of the trending channel , so a long position can be initiated , for daily traders stoploss should be 848 and for long time traders stoploss should be 834. its 50 week ema is at 890-895 so target should be 890 for day traders and for weekly traders a trailing stoploss can be used as per comfort.
auropharma likely to reverse trend upward and seems bottomedscript has created a bullish bat pattern can be bought with 1 percent stoploss of previous day low for a good profit. refer chart
AUROPHARMA LONG SETUUPentry stop target on the chart.
Aurobindo Pharma is principally engaged in manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals and related services
AUROPHARMA LONG INTRADAY 16 JUL,2021Dear trader,
If u look at the chart of AUROPHARMA (analysis based intraday only) the AUROPHARMA Buy at 972 and
Target at 980
Best Buy at 970
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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AuropharmaThis stock break 1Month TF pattern and now its forming a channel. This stock is good for Positional Trade Upto 1/2years.I will enter in this stock after taking support from trendline.
Note:-This is only for educational purpose. Make sure that Do your own analysis on this stock,consult to your financial advisor before taking entry
Aurobindo pharma Has given a good Breakout in daily time frame along with good intensity of Volume,
Looks like impulse begins,
One can go Long at current level or in dips with mentioned key levels in chart
Key Levels
Rsi Uptick in daily
Rsi above 60 in hourly
Macd in daily positive crossover and Uptick
Macd in hourly positive crossover and Uptick and also above zero line
Breakout candle volume
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Aurobindo Pharma - Short term breakoutAurobindo Pharma has broken out of the short term flag pattern on good volumes. Go long with near term targets of 1014 and 1036. Support is placed @ 979.85.
AUROPHARMA (Aurobindo pharma) - Channel patternWith the Demerger of injectable business as a fundamental trigger, This stock is likely to breakout the channel pattern formed over the months. a close above 1040, SL around 1015, can expect 1070/1090/1100 in near term.
2T VCP and WIB, Buy above 968 for a decent 20% upside in 4 weeks2T VCP and WIB, Buy above 968 for a decent 20% upside in 4 weeks with 8% SL.
Good to buy at Aurobindo pharma @ CMp of 950 Currently at its short term support zone of 950 levels.
Expecting it to bounce and reach its peak levels of 1000/1040
SL 920 on a daily closing basis
Aurobindo Pharma ShortAuro Pharma is in process of forming head & Shoulder pattern, completion of left shoulder & head has been done right shoulder formation is in process. Once it break neckline trade can be executed.
Target : The profit target for the pattern is the price difference between the head and the low point of either shoulder. This difference is then subtracted from the neckline breakout level (at a market top) to provide a price target to the downside
Stop Loss : stops are placed just above the right shoulder (topping pattern) after the neckline is penetrated
Could be a break out Watchout if this share crosses 1050 it could be a breakout. Volume seems to be good as well.
Auropharma looks goodAuropharma saw a very good move today, a decisive move with huge volume.
Currently, the stock is trading at trendline resistance, seeing the recent price action, it looks like, the stock might see a breakout next week, or even if it saw some correction next week, it is good to buy as long as it is trading above 970 levels.
This is my personal view on the charts, please feel free to write your views on the stock in the comment section below.
keep a watch on auro, its on make or break level. on its very good support, if sustain can go long. otherwise go short
POSITIONAL LONG VIEW IN #AUROPHARMAPOSITIONAL LONG VIEW IN #AUROPHARMA
AUROPHARMA LOOKING VERY STRONG CMP 959 ADD MORE 950
STOP LOSS 935 CLBS
TARGET - 982 998 1010 1023 1038 1063 ++
