AUROPHARMA trade ideas
AUROPHARMA long caseHello 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
Aurobindo Pharma 03 September Trading IdeaAurobindo Pharma a short is build up below Today's low.
Short Auropharma for level of 750/730.
A strong resistance of monthly trend line and 50 DMA is not allowing the script to go up.
AUROPHARMANSE:AUROPHARMA
IT HAS BEEN CONSTANTLY TAKING SUPPORT AT 850, FROM IT CAN BEEN BOUGHT WITH SL OF 850 FOR 864, 873, AND 885
IF IT BREAK 850, THEN 840 & 830 ON DOWNSIDE WHICH IT MOSTLY WOULD NOT.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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AUROPHARMA near Buy ZoneAUROPHARMA is near buy zone of 840-860, it has already fallen from it's peak of 960 levels by more than 10%. however if it doen't take support at 840-860 levels it go upto 780-800 levels also, observe price action at current levels and take decision
Long term investment idea in AUROPHARMANSE:AUROPHARMA
Entry-level, Stop-loss, Investment period, and indicators to watch before entering, all mentioned in the chart.
Buy only if it fulfills all given conditions.
AUROPHARMA rejections from higher levelAUROPHARMA closed below 21 EMA, couldn't able to sustain higher, consolidation between 760-800 levels was seen before. however there is a widening channel which has support around 830 level. observe price action at these levels and take position.
Auro pharma good short candidatebearish shark harmonic pattern formation,,
good candidate to go short
view gets negated above 1030
down side fall of 10-15-20% can be seen,,,
[Buddha] AUROPHARMA Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
AUROPHARMANSE:AUROPHARMA
IT HAS GIVEN A WEEKLY BREAKOUT ON CHARTS AND IS LOOKING GOOD TO SCALE UP
IT CAN BE LONG WITH 895 STOP LOSS FOR BIG TARGETS IN COMING DAYS
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Bullish Inside candle formation1. Watch on lower TF like 5min or 15min
2. If candle with a significant price range and volume does the breakout
3. Wait for the candle to close and take the trade on close of the candle. Remember trade only if point 2 is satisfied.
4. Stop-loss can be trailed further as the trade progress as per view
Please do your own analysis before taking the trade.
