gave long tail pin at 21 EMA on daily, rangebound on 1 hr chart can give good downside or upside move on diagonal support
1.double bottom ondaily. 2.bullish formup 3.ubove 21 EMA on hourly. 4. buy on only active levels.
AUROPHARMA BUY above 727 , target 732 , second target 735
Forming Ascending triangle pattern. Buy above 780 T1 : 809 T2 : 880 Sl: 732
Current resistance 790, current support 766,,,, Reco ,, Sale - If close below 760 , Buy If close above 805
A long trade can be initiated around 675 levels, if Aurobindo Pharma sustains above it's resistance zone above 650, with targets close to 800 and a stop loss around 615. The Risk to reward is high, with the trade having high probabilities of success, if 675 is tested and our entry price is hit.
FOR EDUCATIONAL PURPOSES. Price heading towards a decent Demand Zone. Can long with 12 Rs SL.
BUY AUROPHARMA ABOVE 616 FOR SHORT TERM TARGET 660
AUROPHARMA cautious Long above the purple line .. Pharma stocks should outperform NIFTY
AuroPharma 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...
Aurobindo Pharma is another great company one should have in their investment portfolio and this is a very good time to buy/add this stock around 580-600 levels. Expecting it to give 20% + returns annually from here and wouldn't be surprised if it is much more than that..
Ongoing Pharma/Drug Stance from Trump may force Indian Pharma Space into a short term downtrend, Aurobindo's foothold is strong in Europe than US, they plan to expand more in Europe than US. if available within Accumulation range, one should buy and hold for medium to long term!!
First come the hype of rising economy under the sobriquet - BRICKS. That hype got extra air in the balloon by loquacious leader. Party started with free money provided by QE ( courtesy of Fed ) would have still been rolling if it hasn't got the kick in the gut by demagogy and populist pandering. Being long Indian stocks is dangerous especially in the face of...
Auropharma - Aurobindo Pharma had an impressive run from 100 to 900 in two years. We believe that Pharma sector will always do good in India and have mentioned the reasons for that numerous times in the blog here. Big pharmaceutical companies around the world will keep on outsourcing manufacturing to Indian pharma companies because of cheap labor, lax...
Short between 860-876 Tgt 815-760-710 Stop Loss 898
Auro Pharma seems to be starting a healthly uptrend. It's under consolidation now. Going long upon the upper trendline break could be a good idea. The safest entry would be on the break of the topmost trendline.