Buy Aurobindo Pharma Target above 1000The stock is in wave 3 and wave 5 will soon begin after completing flat structure.
AUROPHARMA trade ideas
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
LONG AURBINDOPHARMALONG AURBINDOPHARMA @ 790 796 WITH TARGETS OF 830 AND 840 ....KEEP STOPLOSS @ 775
trend line breakout and RSI divergence in auropharma in 1hr chartrend line breakout and RSI divergence and take Fibonacci retracement 23% support it can go upto 778 1st tgt
Bullish on Aurobindo PharmaAuro Pharma seems to be starting a healthly uptrend. It's under consolidation now. Going long upon the upper trendline break could be a good idea. The safest entry would be on the break of the topmost trendline.
AUROPHARMA BUY IF BREAKOUT TRADECURRENTLY THIS STOCK CONSOLIDATE IN VERY SMALL RANGE BUY ONLY IF TREND LINE BROKEN WITH GOOD VOLUME FOR HIGHER TARGET.
IF YOU AGREE ARE AGREE WITH MY VIEW THEN HIT LIKE AND FOLLOW ME FOR MORE UPDATES AND IDEA'S.
TRADE WITH CARE
REGARDS
KING999
