AUROPHARMA trade ideas
AUROBINDO PHARMA 15mnBearish deep crab for scalping ,price was rejected in crab zone
Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
now price Need To come into PRZ Zone of Pattern
with confirmation from a BEARISH CANDLE with RSI Below 70
POTENTIAL SELL
Auropharma - Intraday Trade SetupAuropharma CMP - 780.15
Looking bearish in higher time frame. One can go for Intraday trade setup with the following entry, exit & targets
Sell at or below 777 - 776 / Stop Loss 785
Target 1 - 770
Target 2 - 767
Target 3 – 764
Disclaimer: This is my view and for educational purpose only.
AUROPHARMA - Bearish H&S Pattern (Intraday/Very Short Term)This analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
AUROBINDO PHARMA Daily Bullish Bat Strong POTENTIAL REVERSAL ZONE
Ultra high volume down bars - trap of Smart Money , Higher volume-Professionals are buying into the public selling
Professionals have no interest in the downside – low volume.
If this Bearish move is True we need to get INCREASING VOLUME but here there is DECREASING VOLUME with NARROW SPREADS
Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
AURO PHARMA good conditional short candidateAuropharma trading around 760 levels
Previously counter have taken 2-3 support around this levels and bounced back,,
This time it looks like breakdown possible
Head and shoulder pattern formation, having neck line support at 760 levels
If breaks and sustain below this levels ,, we can see good crack down in counter till levels of 680--640--600 levels,,,
AUROPHARMA- HAMMER AT SUPPORTGo Long Above high of hammer....& Another confirmation:- forming a inverted head& shoulder patterns.
AUROPHARMA 1HRBEARISH Bat ,RED HORIZONTAL LINES are DAILY RESISTANCE & SUPPORT
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR.
If price Breaks Red Trend line is where EXIT before SL hits
price need to follow Green Trend line & hit target
POTENTIAL SELL
Auropharma - Intraday / Swing Trade SetupAuropharma CMP – 843.25
Looking bullish and one can go long on this stock for Intraday / Swing trade setup with the following entry, exit & stop loss.
Buy range 845 - 850 / Stop Loss 839
Target 1 - 855
Target 2 - 860
Target 3 – 865 / 870
Short term 875 / 880
Note: This is my view and for educational purpose only
Auropharma Supply zone analysisAbove 840,there might be strong supply. It would be a confluence of side way price zone & upper value area of upward sloping channel in 1 Hr time frame.
zone creation for trading.Zone creation for prospective movement.
Auro is between 2 zones. Lets see where it goes.
Auropharma Positional WeakAuroPharma CMP 796..Needs to close above 860..Else we can see downside around till 660
AUROPHARMA 4HRBullish BAT FORMED AT MAJOR SUPPORT( i.e Red & Green Horizontal lines which are from Daily & 4HR TF)So strong potential reversal zone
Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
SHORT IDEA ON AUROPHARMAAUROPHARMA forming traditional head & shoulders pattern with neckline around 770 & breaking neckline of 770 would lead to a target of head weight 197.10 points from 770 i.e.,573
view negate above 823 closing basis
Auropharma - Short below 765!Thanks for coming to this update.
Before you start reading kindly hit that like button. It motivates me to keep doing such work for free.
Thanks
Auropharma has tested the support zone of 780-765 multiple times now. With each test, support becomes weaker.
If it breaks below this point, it can show downside momentum and that can be a good short opportunity for both intraday and swing traders.
Short on the break of 765 with volume confirmation!
Also, during these market conditions, beware that Nifty can bounce at any time since it had a good fall in the past few days.
Thus, have a proper SL and trade with small quantity.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“The hard, cold reality of trading is that every trade has an uncertain outcome.” - Mark Douglas
