SHORT AUROPHARMA at current levels ~ 882 for targets 810 and then 720 over the next few weeks.. stock broke a rising wedge pattern and gave confirmation.. 20% downside is easy.. Short Short Short!!
AUROBINDO PHARMA LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Rising Wedge Pattern .
📊 It can give movement upto the Reversal target of Above 935+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 1070+.
📊 Can Go Long in this stock by placing...
This is only for information. we are not a Sebi registerd.
take it your own risk
we are here only for share my idea only.
we are not advicefor Spoon trading
NSE:AUROPHARMA is in an Up-Trend making HHs and HLs and I am expecting it to continue the Up-Trend.
It has just tested a Trendline and has a good Trap Zone so, expect it to give 5% ROI or 2:1 RR trade from here.
In aurobindo Pharma range 668 - 692 breakout with volume.
may be it comes to 693 Support level and going to 710 resistance level in short term.
entry 693
profit 710
stoploss 689
R:R around ~ 1:4
Looks good as the monthly candle crosses 50 and 20 SMAs and also crossing the important levels of Gann box.
Can expect a good move once it crosses 1/1 (blue zone).
Follow the levels for SL and targets
EW + Classical Breakout Stock: Auro Pharma is a stock that has been showing signs of a breakout. The stock has been in an uptrend for the past few months, and it has recently broken out above a key resistance level. This is a bullish signal, and it suggests that the stock is likely to continue to rise in the near future.
Huge Volume Spurt: The recent breakout in...
we can expect a bounce assuming wave b of downtrend to play
even if we believe that we are not in a downtrend then subwaves or larger wave 3 should also take us higher
