AUROPHARMA trade ideas
AuropharmaStock name = Aurobindo Pharma Limited.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Buy Auropharma above 1081There are 2 interesting things here
Firstly, we are going to start the 3rd of the 3rd wave (Elliot wave)
Secondly, AURO PHARMA is following an exciting cycle of 85 months and this cycle marked a low at 403.85 (Gann time cycle)
Combining these 2 we get a target of 1350 and a stoploss of 995
Horizon is 3-4 months
#Pharma #AUROPHARMA Breaking All Time highpharma giant Auro Bindu Pharma is looking very super bullish.
1. Today it breaks all time high of 1038.3 in and made new All time high of 1043.
2. Script is trading above quarterly pivot and Quarterly H4( Bullish Breakout level) which is at 1033.
Disclaimer : -
The information and publication are not meant to be , and do not constitute, financial, investment, Trading, or other types of advice or recommendation supplied or endorsed by Game_Of_Pivot.
Aurobindo Pharm Ltd.*Aurobindo Pharm Ltd*
P&F; Formation on Monthly Basis.
Price BreakOut above Flag Priceline Needed & To be Sustained. To be Watched.
Resistance@ 930
Strong Vol Consolidation. Continued BuiltUp Required. To be Watched.
RSI: 1H > D M
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Rising Wedge Reversal in AUROPHARMAAUROBINDO PHARMA LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Rising Wedge Pattern .
📊 It can give movement upto the Reversal target of Above 935+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 1070+.
📊 Can Go Long in this stock by placing stop loss below 840- or last swing Low.
Aurobindo Pharma Ltd.*Aurobindo Pharma Ltd.*
C&H Formation: Weekly Basis
Price BreakOut Done & Sustained
Strong Vol. Consolidation / Continued BuiltUp.
Resistance at 734 / 855 / 905 / 1064
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Hyderabad based, Vertically-integrated Formulations / API manufacturer.
Has 14 formulation Mfg. facilities globally: (US: 3, Brazil: 1, Portugal: 1, India: 11 (API units).
Witnessing stronger growth in the U.S., Europe, growth markets & APIs.
New ventures on Biosimilars, Peptides, PLI are on track: Likely drive growth FY25 onwards.
Increasing Sales/Profitability on Qtrly Basis. Fluctuating on Yrly Basis
Decline in RoA/RoE/RoCE post FY21. Stable post FY22
Stable TNW / Cash Reserve / Investments.
+ve Ops. Cash Flow/.
Promoter Stake Stable. FII / DII Stake Increasing.
*Concern:*
Increased leverage. Stretched WC Cycle.
ARV segment’s revenue declined by ~32.6% y-o-y
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
Something is cooking hereEW + Classical Breakout Stock: Auro Pharma is a stock that has been showing signs of a breakout. The stock has been in an uptrend for the past few months, and it has recently broken out above a key resistance level. This is a bullish signal, and it suggests that the stock is likely to continue to rise in the near future.
Huge Volume Spurt: The recent breakout in Auro Pharma was accompanied by a huge volume spurt. This is a sign of strong buying interest, and it suggests that there are a lot of investors who are bullish on the stock. This is another bullish signal, and it increases the chances of the stock continuing to rise in the near future.
Nice Breakout Done: The breakout in Auro Pharma was a nice, clean breakout. This means that the stock broke out above the resistance level without any hesitation. This is a sign of strong momentum, and it increases the chances of the stock continuing to rise in the near future.
Overall, Auro Pharma is a stock that is showing signs of a breakout. The stock has been in an uptrend for the past few months, it has recently broken out above a key resistance level, and it was accompanied by a huge volume spurt. These are all bullish signals, and they suggest that the stock is likely to continue to rise in the near future.
Here are some additional tips for trading Auro Pharma:
Use a stop-loss order to protect your profits.
Take profits when the stock reaches your target price.
Do your research and trade with caution.