AUROPHARMA trade ideas
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.
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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
AUROPHARMA 1HRTwo Bullish shark patterns forming strong potential reversal zone
clearly we can see on BIGGER Shark @XA1.0 as PRZ bullish move came now another pattern formed so this level is strong
Price on breaking of ULTRA HIGH VOLUME Candle HIGH & Trendline with NO SUPPLY i.e place for BUY
AUROPHARMA 1HRBULLISH Shark
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
AUROPHARMA long caseHello friends,
Defensive is the word you hear a lot in the market corrections.
Such one defensive stock is Aurobindo pharma.
It gave very good run up from march. Now it is consolidating.
Any brake above the black down trend line give the upside.
Let see how it plays.
Your humble trader
Kiran
