Aurobindo Pharma - Short term breakoutAurobindo Pharma has broken out of the short term flag pattern on good volumes. Go long with near term targets of 1014 and 1036. Support is placed @ 979.85.
AUROPHARMA trade ideas
AUROPHARMA (Aurobindo pharma) - Channel patternWith the Demerger of injectable business as a fundamental trigger, This stock is likely to breakout the channel pattern formed over the months. a close above 1040, SL around 1015, can expect 1070/1090/1100 in near term.
2T VCP and WIB, Buy above 968 for a decent 20% upside in 4 weeks2T VCP and WIB, Buy above 968 for a decent 20% upside in 4 weeks with 8% SL.
Good to buy at Aurobindo pharma @ CMp of 950 Currently at its short term support zone of 950 levels.
Expecting it to bounce and reach its peak levels of 1000/1040
SL 920 on a daily closing basis
Aurobindo Pharma ShortAuro Pharma is in process of forming head & Shoulder pattern, completion of left shoulder & head has been done right shoulder formation is in process. Once it break neckline trade can be executed.
Target : The profit target for the pattern is the price difference between the head and the low point of either shoulder. This difference is then subtracted from the neckline breakout level (at a market top) to provide a price target to the downside
Stop Loss : stops are placed just above the right shoulder (topping pattern) after the neckline is penetrated
Could be a break out Watchout if this share crosses 1050 it could be a breakout. Volume seems to be good as well.
Auropharma looks goodAuropharma saw a very good move today, a decisive move with huge volume.
Currently, the stock is trading at trendline resistance, seeing the recent price action, it looks like, the stock might see a breakout next week, or even if it saw some correction next week, it is good to buy as long as it is trading above 970 levels.
This is my personal view on the charts, please feel free to write your views on the stock in the comment section below.
keep a watch on auro, its on make or break level. on its very good support, if sustain can go long. otherwise go short
POSITIONAL LONG VIEW IN #AUROPHARMAPOSITIONAL LONG VIEW IN #AUROPHARMA
AUROPHARMA LOOKING VERY STRONG CMP 959 ADD MORE 950
STOP LOSS 935 CLBS
TARGET - 982 998 1010 1023 1038 1063 ++
AUROBINDO PHARMA - Long Setup NSE:AUROPHARMA
For Education Purpose - AUROBINDO PHARMA looks good for long between 1015-1006 . Can touch 1100, 1140. Stop below 995
AUROPHARMA Long with SL below 994Auropharma restested its recent breakout and is not moving up strongly. It has good support at 994, one can go long with SL below 994 on closing basis for 1100+
Auropharma looks goodAuropharma looks good, sustaining 1025 levels, it could move 1056 levels in the near term.
Intraday Trading Idea for Auropharma for 24th May 2021Intraday Teaading Idea for Auropharma for 24th May 2021
