AbhishekHSinghCMT
Long

Auropharma- Doji to Give Up Leg from 648 -Help forming Triangle

NSE:AUROPHARMA   AUROBINDO PHARMA
606 17 19
What is a 'Doji'

Doji candlesticks look like a cross, inverted cross or plus sign. Alone, doji are neutral patterns that are also featured in a number of important patterns. A doji candlestick forms when a security's open and close are virtually equal for the given time period and generally signals a reversal pattern for technical analysts.



The price action on daily chart of auropharma             had a doji candle having a low@648 -Now any move above 660 & keeping 648 low intact should help give us a required push upside.

The overall pattern looks like a triangle where 710 is a key level on upside.

Trading Strategy

Looking for pullback which holds 648 on downside & later moving above 660 shall give us upside buying opportunity.

Previous Update


Auropharma -710 haunts - we got selling from 675 to 660 & lower.



Trade active: 09:28 Hrs 13th April2017

Last Price@662

Crossed above 660
Trade active: 13:57 13th April2017

Got a chance to enter in 654-657 above 648 levels which should be intact for the upside move.

Trade active: 20:04 Hrs 17th April2017

Last Price@652.85

We need an impulsive push upside & largely above 665-recent high to give us confidence for next leg upside.

On down side 648 should not be breached.
Trade active: 12:28 Hrs 18th April2017

Last Price@672

Heading close in the zone of 675-680 as expected - Awesome!
Trade closed: target reached: 12:59 Hrs 18th April2017

Last Price@674.90

Target Reached in the zone 675- 680
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Auro still going ahead as you said... 675-680
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congrates!
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Entered auto 660
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RaghuveerMunipalli RaghuveerMunipalli
Entered auro 660
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AbhishekHSinghCMT RaghuveerMunipalli
@RaghuveerMunipalli, I guess you should book profits & re-enter above 675 for 5 -10 points more.
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Auro fire!!
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@nirav5, Heading Close to the target zone.
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Just create the position in Auropharma
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@ashokakbari, Why did you not created position at lows yesterday at 651 - I updated this post for so long & take high risk of trading everytime.
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@ashokakbari, Were you not aware of this post.
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