NSE:AUROPHARMA is trading at very best buy level of 457. We can enter at current price of 457 with stop loss of 429 (-28 Points).
My expected up side target will be 483, 501 & 514 (+57 Points)
Note: This is my personal analysis, only for learning. Thanks
Aurobindo Pharma CMP 700 is a long term investment idea. Mutual Funds and FIIs are increasing the hold in this counter in the last quarter. Another positive about the counter is that promoters are decreasing their pledge in this low debt company. After making an all-time high of 1064 last year the stock corrected and seems to have made a bottom near 590 levels....
Considering last week candle, NSE:AUROPHARMA has already given confirmation of further sign of selling .
Price has created harmonic Shark pattern with PRZ level 0.886 and 1.13 with price 651.70 and 548.75 respectively.
As we have witnessed of bounce from 0.886 level but not sustained above 200 MA.
Two things are possible here :
1. It again takes confirmation...
Hi everyone, Aurobindo pharma long term swing trade consider buying between 686-660 target 870 stoploss 645.
LOGIC BEHIND TRADE : Stock is trading on it`s weekly support & support identified from harmonic half bat pattern level 5.0 good oppourtinity to buy on support & stoploss only 15 points reward 3.23 & target identified from harmonic xabcd pattern level...
aurobindo pharma
1. rising wedge pattern (green treand line )
2.wait for breakdown
3. not go for bigger targets
4. use you veiw ad mindset
thanks ...................
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...
All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Hello friends,
Defensive is the word you hear a lot in the market corrections.
Such one defensive stock is Aurobindo pharma.
It gave very good run up from march. Now it is consolidating.
Any brake above the black down trend line give the upside.
Let see how it plays.
Your humble trader
Kiran
#AUROPHARMA is treading near to 52-week high zone and since two treading session is closing in red near to 840 level. Level 846 is a strong resistance for stock.Stock is close crossing above Upper bolinger band from above.
Showing Mix result in Technical Parameter:
CCI iin overbought zone but treading down
MACD is treading UP above 0
RSI is near and parallel to...
