AUROPHARMA cautious LongAUROPHARMA cautious Long above the purple line .. Pharma stocks should outperform NIFTY
AUROPHARMA trade ideas
AUROPHARMA Short term Positional Call (2-3 days)Aurobindo Pharma Limited Trading technical call for short term
Buy Above 663 Closed basis SL 648 Targets 675 678 683
For education purpose only
Auropharma- Magical Ladder 662 -684 -669 & Next Bullish BatAuropharma - 9th Jan2018
Note - Time to move through watchlist stocks depends on lot of factors like internet speed & others. Ideally it takes 1-2 mins which can be extended as well but amazing feature to check the stocks in quick time.
Ladder - isn't this an amazing tool because we can use it to travel upside & same can be used to travel downside - what's a big deal in this, as everyone knows it but if we get such a ladder to move upside & travel downside safely in the market - that becomes a magical ladder.
A tool which is necessary but possesses an inherent level of injury risk even through basic use & this level of risk is even exacerbated with improper use.
Some of the ways how people get injured using a ladder ----
You aren't using a proper ladder or trying to reach too far from the ladder- extended ladders which can be dangerous. So, how can you reduce the level of risk is by having proper risk management.
As Analyst you could use Candlestick Patterns , Divergence, Indicators & others to have proper risk management.
Before we dip into current structure & pull up previous analysis. Let me just tell you some basics about TradingView platform - Watchlist - Can be used to check 50 stocks in 1- 2 mins - isn't that amazing & handy feature.
Hi All, Excited to come up with latest update on Auropharma -Magical Ladder 662 to 684 & Back to 669 - Next Bullish Bat -Are you ready - So, let us begin!
Possible Elliot Wave Count - AuroPharmaAuroPharma 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 1 and we are in wave 2 of the new impulse which started from 503.For long term investors it will be worthwhile to add some portion of your capital towards AuroPharma around 665-640 area. AuroPharma has to move above 895 to complete any long term wave pattern as the structure at the top is that of an ir-regular correction. Minimum target on the upside could be 940 but it could extend all the way up to 1200 or more.
Good Luck!!!
BUY AND HOLD AURO - FOR LONG TARGET IS 957, 1100
Even its correction, Minimum Up target is 957
If its impulse wave target is 1100
Now bulk investors can buy and hold
for GOOD move above 900
Ascending Triangle LongAscending Triangle.
Long on complete formation of green candle above the resistance.
Keeping Resistance which will become support as SL.
Will follow this closely.
My Trading Tricks on AuropharmaAuropharma chart looking super bullish
Buy Intraday @713 - 708 stoploss 703
Target 721 - 733
Buy Positional and also short term for Target 860 - 940
any Query can Gmail me
bulltraderspro
Aurobindo Pharma - Excellent buy at current levels!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..
BUYDAILY FINANCIAL WISDOM: "Beginning traders dream of wealth. True traders dream of consistency..."
BUY Auro- CMP - 658, Long SL 619 Target 894, 992, 1089CMP - 658, Long SL 619
(5) th target 894, 992, 1089
Buy Aurobindo Pharma Target above 1000The stock is in wave 3 and wave 5 will soon begin after completing flat structure.
Buy Aurobindo - Long SL 620 - Target 800-900 and above long break out for up -
Long SL 620
If not breaking 630-620
It will reach 890 and above
Buy Auro Bindo - SL 650 - Target 800,850 and above long break out for up --- above 690 trading
it will reach 800- 850 soon
DNA STRATEGIES BUY AT & SLDAILY FINANCIAL WISDOM: Just as in trading "A sailor can't control the wind, but he can adjust the sails..."
Aurobindo Pharma, Dark horse among Pharma Space, Accumulate!!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!!
AUROPHARMA - Gravity Is Catching Up - 12/16/2016Auropharma - 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 regulation regarding pollution and to diversify the supply chain. Besides, Indian companies have huge market in Africa where drug quality standards are not that stringent.
Simple play-book to trade pharma stocks in India is to,
1. ) Never chase ridiculous high levels, even if the company is making tones of money and everything is looking rosy.
2.) Always stick to point number 1, because next FAD warning or something like is that is just lurking somewhere around the corner to shot that bird down.
3.) When the victim company is in ICU, start grabbing it from attractive support levels !
Interesting support levels to buy AUROPHARMA
Ok here they are - 600, 500 and 350. 600 is the first one but it becomes really attractive trade near 500. So we will be looking to trade it from buy-side in such a way that our cost basis is as close to 500 as possible. Not possible to walk you through the entire trade procedure but you got the gist of it :)
Here are some other pharma trades we have done. ( please check the link )
CIPLA
Dr Reddy
