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Plan A - Look to Buy if 615-625 zone is holded as support & upside we can expect target of 680-685
Plan B - Look to continue your Buy from Plan - A if crosses above 695-700 zone - Expect upside target as 795-810 zone ------------------------------------------------------------------------------------------------------------------------- Long Term
Plan C - Look to Buy only above 840 for 890 / Above 900 for 1200 / 1400 /1600 + years ahead
----------------------------------------------------------------------------------------------------------------------------- Plan D - If stock faces resistance in 795-810 zone look to sell for downside target of 650 /545 with strict stops above 810
-------------------------------------------------------------------------------------------------------------------------- Thanks for watching this video & your precious time.
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09:55 Hrs / 7th May 2020
Last Price @ 661
As per plan A - Expect Auro to come as close to 615-625 zone so that your risk is less in buying & we expect upside 680-685
Later Execute - Plan B --- Buy
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12:50 Hrs / 7th May 2020
Last Price @ 664
Only Buying Situations are suggested in the call - even though I expect best buying close to 615-625 zone as per Plan -A
That means we are expecting a fall from the current level of 663 towards 615-625 zone & then buy
It can also be a possibility that Buying happens crossing 672+ & later crosses 685 for upside targets without even coming to 615-625 zone
and
If the stock comes to 615-625 zone then it is super buying situation to hold strictly above 615 levels
Please don't get confused with the Trading Strategy & read it again to understand all in clear manner
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13:17 Hrs / 7th May 2020
Last Price @ 661
Nifty Update - Index has positive bias if holds above 9200 & it is most likely to attempt 9300+ going to our target of 9400 & more on the upside.
So, If Auropharma is not dropping to the expected zone downside for buying close to 615-625 zone - Keep an eye on Index as soon as it starts moving - Auro may also push upside crossing 672 / 685 - once crosses that also upside - "Plan B " also gets activated for 790/810 target upside.
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15:01 Hrs / 7th May 2020
Last Price @ 647
The Fall which is currently happening - is looked as a buying opportunity next so traders in long positions should hold
Comment
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My Status has changed at 14:26 Hrs / 8th May 2020
14:26 Hrs / 8th May 2020 - Only Risky Traders (Weekend Position -Carry Forward) -Stock : ITC (Last price - 158.25 )-Strong Support Zone 157-158- No Positions below 157- Holding this zone, expect 165 /170 /above 172 for 177. Thanks
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09:53 Hrs / 13th May 2020
Last Price @ 683
680685 is very important zone - if the stock holds in this zone then we are still open for 695-700 & crossing 700 & above it will push to 775/790/810 levels
Note - No buying if Auro falls below 679-680 levels.
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10:31 Hrs / 13th May 2020
Last Price @ 683
Struggling in zone of 680-685 -------------Avoid any positions ------means no trading in 685 to 675 zone
Extreme risk taker - they can take sell close to 685 for 675-677
Moving 685 only we are looking up for 700 / 775+ else we won't do any trade for the day
Thanks in advance
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11:07 Hrs / 13th May 2020
Last Price @ 677
Auro as suggested sell close to 685 ---dropped to 676 - Book Profits & Out as going above 685 -Larger trend is still intact which is upside for 695-700 & above 700+
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12:15 Hrs / 13th May 2020
Last Price @ 672
You need to be vigilant & careful here for the stock as another support is tested for the day 668 - 670 & 660 - 662
These both zones are buying zones - If the stock holds then it is most likely to push for highs of 695-700.
only going below 660 - we get early feelers that stock has topped at 700 & expected to move down for levels lower than 650's in the later session.
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13:55 Hrs / 13th May 2020
Last Price @ 685
Reached an important target of 685 as suggested an hour back at the price of 672. Thanks
I have seen most of your ideas on Auro & I must say, Your love affair & understanding of this stock is second to none. No doubt when you say "Auro is your favorite..." Made for each other. ;-)
I have a slightly different strategy but I will keep ur inputs in mind. Thanks
Excellent analysis...!!!
Dinesh_C_Nagpal
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You should rename your handle "Reversal ke Devta!" excellent view as usual, 680 looks like a resistance in weekly/monthly tf to me. Sustaining above this I have the next resistance at 735 as per both Ichimoku and Harmonics
WaveTalks
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@Dinesh_C_Nagpal, No. If I am "Devta" - I will be sitting in heavens & "Trading" not allowed for Devta - hahaha.
chartradearn
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Good explanation and findings . Would like to learn more about the analysis.. about the pattern which you used in it to arrive at conclusions .. rather then having call on specific stock.. can we have that sirji
WaveTalks
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@Ssourabh5, Wave Analysis - that's what I spoke in the whole idea.
arunindy
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@AbhishekHSinghCMT, Seems great post. I am a beginner and trying to understand. Sir...where to learn wave analysis or for that matter any analysis. Could you please guide. Thxs.
AMIT7759
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What u suggest for positions which are hold? Should we book loss or profit what ever the case is?
WaveTalks
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@AMIT7759, Why would you book a loss? We completed our target exactly at 695-700 zone - Plan B activates above 700 - Day High - 701.
AMIT7759
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@AbhishekHSinghCMT, still holding call of 700 in may series .What should be the stop loss for it?
WaveTalks
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@AMIT7759, This idea is closed. New Video Idea getting published in next few mins
I have a slightly different strategy but I will keep ur inputs in mind. Thanks
Excellent analysis...!!!