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Price and trend forecast of AUROPHARMA for Tomorrow, Weekly, Monthly

Aurobindo Pharma Limited

Symbol: NSE:AUROPHARMA

ISIN: INE406A01037

1,246.20

As on 2024-12-06

958.50 (52W Low) 1,592.00 (52W High)

AUROPHARMA's Today's Performance

Aurobindo Pharma Limited started the day by opening at 1,250.10 today 2024-12-06. Its shares reached a high of 1,254.85 and dipped to a low of 1,237.50 in intraday. When the markets closed, AUROPHARMA’s stock price settled at ₹1,246.20 per share. Also check out its key support and resistance levels.

AUROPHARMA Buy/Sell Targets

Tomorrow, buy AUROPHARMA when its price reaches ₹ 1,246.20 with a stop-loss order at ₹ 1,232.11. You can set the target price as ₹ 1,260.29 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of AUROPHARMA for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for AUROPHARMA

Downside Targets Value in ₹
Tomorrow Down Target 1 1,255
Tomorrow Down Target 2 1,264
Tomorrow Down Target 3 1,272

Important Levels for AUROPHARMA

Holding Levels Value in ₹
Tomorrow Up Target 1 1,238
Tomorrow Up Target 2 1,229
Tomorrow Up Target 3 1,220
Based on where the stock opens tomorrow, if AUROPHARMA opens on a positive note, our first target will be ₹1,255. If Target 1 is achieved, we will aim for Target 2 which is ₹1,264.

But if AUROPHARMA falls below the average value of ₹1,246.18, you can enter a sell side position with target number 1 - ₹1,238 and second target - ₹1,229 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of AUROPHARMA

Looking at AUROPHARMA, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, AUROPHARMA has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for AUROPHARMA is moderate bullish.

Tomorrow's Volume based share price Forecast for AUROPHARMA

AUROPHARMA's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -41%.

Reversal detection for AUROPHARMA

Predicted trend chart of AUROPHARMA tomorrow for price forecast
AUROPHARMA may trend may continue to be bullish since stock is making higher highs and we can get target of ₹1249 in morning tomorrow
Target 1 tomorrow1253
Target 2 tomorrow1257
Target 3 tomorrow1264
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with AUROPHARMA's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if AUROPHARMA opens on a positive note, our first target will be ₹1,254.87. If Target 1 is achieved, we will aim for Target 2 which is ₹1,263.53.

But if AUROPHARMA falls below the average value of ₹1,246.18, you can enter a sell side position with target number 1 - ₹1,237.52 and second target - ₹1,228.83

AUROPHARMA's Weekly Targets
1st Up Target 1,270.48
2nd Up Target 1,294.77
1st Down Target 1,227.93
2nd Down Target 1,209.67

As the week for AUROPHARMA ended on bearish sentiments, we can expect further continuation of this sentiment. AUROPHARMA's initial target will be 1,270.48 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,227.93 in the upcoming week.

Weekly OHLC Values
Open 1,263.00
High 1,276.50
Low 1,233.95
Close 1,246.20

Week for AUROPHARMA started with an open price of 1,263.00, and the close was at 1,246.20. AUROPHARMA reached the highest of 1,276.50 and dipped lowest up to 1,233.95 last week. This indicates a bearish sentiment for the week.

AUROPHARMA full month swing targets
Monthly Up Target 1 1,313.03
Monthly Up Target 2 1,337.32
Monthly Down Target 1 1,185.38
Monthly Down Target 2 1,124.57

Targets of ₹1,313.03 can be expected to be reached in the coming month. Once AUROPHARMA achieved this target, we can aim for the next upside target of ₹1,337.32.

AUROPHARMA if fails to hold upside, down targets of ₹1,185.38 and ₹1,124.57 can be achieved by end of this month.

For complete three weeks if AUROPHARMA is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as AUROPHARMA

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

AUROPHARMA is expected to reach the target of 1,254.87 in tomorrow's trading session.

After achieving the initial target in AUROPHARMA, we will aim for higher targets of 1,263.53 tomorrow.

However, if AUROPHARMA starts to trade below ₹1,246.18, then we will shift our focus to the sell side and aim for down targets of 1,237.52 and 1,228.83.