Aurobindo Pharma CMP 699 SL 670 Target 766,800,832 and above
DAILY FINANCIAL WISDOM: Just as in trading "A sailor can't control the wind, but he can adjust the sails..."
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 - 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...
Short between 860-876 Tgt 815-760-710 Stop Loss 898
LONG AURBINDOPHARMA @ 790 796 WITH TARGETS OF 830 AND 840 ....KEEP STOPLOSS @ 775
AUROPHARMA Short till 797 TGT : 775 & 758 Stop loss : 808 .
trend line breakout and RSI divergence and take Fibonacci retracement 23% support it can go upto 778 1st tgt
Buy - 732 -721 add more 690 wait for the target 1140
Auro 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.
Shorting auro pharma near 790 level gives a great entry and good risk to reward
Resistance 758, Support 724/719.
CURRENTLY 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