Aurobindo Pharma: Chart set up & important levels
Observations
- the stock has given a breakout in the short term on December 8, 2021
- the stock has given a breakout in the medium term on December 22, 2021
- 20 day EMA cross over above 50 day EMA on Dec 29, 2021
Is Aurobindo finally recovering from the illness (that took it down from 1063 odd levels to 620 odd levels) and roaring to get back???
A final push above 736 could be the key to unlock its movement on the upside
780 is 200 day EMA
Long term Trendline resistance around 824 currently. Sustaining Above that, gates would open up further upside towards 905-940 odd levels
Do note: The stock has tested our patience a lot in the last 3 months and there could be personal bias in here.
Take care & safe trading...!!!
Like & Follow for more such trading ideas
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- the stock has given a breakout in the short term on December 8, 2021
- the stock has given a breakout in the medium term on December 22, 2021
- 20 day EMA cross over above 50 day EMA on Dec 29, 2021
Is Aurobindo finally recovering from the illness (that took it down from 1063 odd levels to 620 odd levels) and roaring to get back???
A final push above 736 could be the key to unlock its movement on the upside
780 is 200 day EMA
Long term Trendline resistance around 824 currently. Sustaining Above that, gates would open up further upside towards 905-940 odd levels
Do note: The stock has tested our patience a lot in the last 3 months and there could be personal bias in here.
Take care & safe trading...!!!
Like & Follow for more such trading ideas
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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