Auropharma (aurobindo pharma )1. rising wedge pattern formation
2. and inverted flag pattern
3. a clear short opportunity
AUROPHARMA trade ideas
Buy Aurobindo PharmaLong Auropharma at its major support with Good RR Ratio as well 50% fibo level and almost 230 measurement level.
Aurobindo Pharma Medium Term Reversal TradeThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zones and target is place near swing and channel high.
Earnings will be disclosed during the trade duration. If not good or the trendline and 200 ema are broken after results, it may be a better option to exit.
Note: As the market is under selling pressure, enter only after confirming a reversal.
TRRIPLE HOURLY CHART RSI DIVERGENCEAUROPHARMA
Bullish Above 700 for 1 Hour Close
Target 750, 780
SL: 660
Risk is yours and Reward is too yours totally.
RSI Rising as Price Falling, 3 times in row in Hourly chart..
Reversal chance
auropharma weekly chart analysisfrom the chart it is clear that stock is reacting to the drawn lines, it is indicating that stock is in clear downtrend and trusted buying could be done only at the purple line which is lying around 645-650.
right now price is at 30 month high + 30 month low /2 and also 60 month high + 60 month low /2 , both of them are lying at 676.38 eventually, making the price at here a strong support.
fresh investment can be done here with 30 percent capital with a stoploss of 7 points here which should be 669 weekly close , target 710 and 764 using trailing stoploss and strict discipline, but if price can be available at the purple line , then it might prove a sound investment.
however it should be remembered that in the past it have always touched the purple line after breaking the green line. In that scenario a short can be initiated for target 650 and stoploss should be 696
happy trading
AUROPHARMA Daily Bullish Alt Bat
VERTICAL DOTTED LINES is Ultra high volume down bar Higher volume-Professionals are buying into the public selling
Withiin 3-5 price bars PATTERN need to be get confirmed from a BULLISH CANDLE
SET UP BECOMES VALID ONLY when RSI is over 30 & Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
can we see 1000 in auro ? Buy auropharma for target of 850.
Closing above 850 will take it above 1100
auropharma buy idea from weekly chartwe can see multiple times this area has created long long wicks in weekly candle. As the week is just starting and last week it has given close above 1/3 gann angle at a higher timeframe, and also the is in oversold area, shorting now safe till 725.5 where it is lying the yearly pivot. I do not think this can reverse trend before touching yearly pivot. However a buying chance possible at the yearly pivot and come out if given close below 725.5 in a four hour chart. And for this buy call 1st target will be 767, second target will be 799 and 3rd target will be 820.
However we have to exit anyway if a close below 725.5 comes in a weekly chart.
wishing you all a happy trading.
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auropharma looking attractiveas we can see script is now available at the lower leg of the trending channel , so a long position can be initiated , for daily traders stoploss should be 848 and for long time traders stoploss should be 834. its 50 week ema is at 890-895 so target should be 890 for day traders and for weekly traders a trailing stoploss can be used as per comfort.
auropharma likely to reverse trend upward and seems bottomedscript has created a bullish bat pattern can be bought with 1 percent stoploss of previous day low for a good profit. refer chart
AUROPHARMA LONG SETUUPentry stop target on the chart.
Aurobindo Pharma is principally engaged in manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals and related services
AUROPHARMA LONG INTRADAY 16 JUL,2021Dear trader,
If u look at the chart of AUROPHARMA (analysis based intraday only) the AUROPHARMA Buy at 972 and
Target at 980
Best Buy at 970
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
AuropharmaThis stock break 1Month TF pattern and now its forming a channel. This stock is good for Positional Trade Upto 1/2years.I will enter in this stock after taking support from trendline.
Note:-This is only for educational purpose. Make sure that Do your own analysis on this stock,consult to your financial advisor before taking entry
Aurobindo pharma Has given a good Breakout in daily time frame along with good intensity of Volume,
Looks like impulse begins,
One can go Long at current level or in dips with mentioned key levels in chart
Key Levels
Rsi Uptick in daily
Rsi above 60 in hourly
Macd in daily positive crossover and Uptick
Macd in hourly positive crossover and Uptick and also above zero line
Breakout candle volume
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
