Auropharma-You don't Know-Fall@792

Wish you Happy Holi & May this festival bring lots of colors in your life!!!


Education & Trading Idea


Wedge

• Wedges are a multiple price wave reversal pattern. Wedges form when the waves of an asset move within a narrowing range, angled either up or down.
  When the pattern completes, and the price breaks out of wedge , it is usually in the opposite direction the wedge was pointed.
  This is why it is called a reversal pattern.
  

Books on Harmonics
Harmonic Trading Volume 1 & Volume 2 - Scott Carney

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Trading Strategy ( All Analysis Done on Spot/cash data - Kindly Adjust Futures Data Accordingly)

• Plan A -
  Holding 770 lows - Traders can look to buy with strict stops below 770's. Can Expect Upside Push to 793-797 zone as upside target
  
  Plan B -
  Selling Later from 793-797 zone with strict stops above 805 (800 is key reversal level - 805 is critical reversal level)
  

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Note -

Safe Trader -
Don't Take Sell as per plan B if it moves above 800 level

Risky Trader -
Can remain in Sell as per plan B as critical level is 805

This Idea gets invalidated once price moves above 805 level

Thanks for watching the video.

Trade active: 12:32 Hrs 20th March 2019

Last Price@777

Current Low@775

Current Low @775 could be important as per Plan - A BUY suggested above for 793-797 - Remember Strict Stops below 770 as per spot data --- Only Risky Traders who can afford to stop loss of 7-8 points -with gain of 15-20 points.

Trade active: 14:00 Hrs 20th March 2019

Small Update on Nifty Index

Last Price@11535

As suggested earlier we look to sell Nifty below 11500 or look for upside bounce to 11615-11635- Holding Below 11650 - We expect the reversal which is likely to happen post Holi break.

Auropharma Last Price@778.50

Same Like Auropharma - We expect the bounce upside (Buy) as per Plan -A (recent suggestion was to buy at 775-got executed & Sell from 793-797 with Strict Stops above 800 for safe traders & Risky Traders with stop loss above 805.

Thanks

Trade active: 14:19 Hrs 20th March 2019

Last Price@776.50

Current Position is from 775 levels - If goes below 775 in spot data - just be out & try to re-enter close to 770 as 770 is strict stops in buy call

Auropharma going below 770 & Nifty below 11500 - is warning bell - so be careful.

Thanks

Trade active: 18:45 Hrs 21st March 2019

Auropharma Update

Last Price@776.60

775 holded for last 3 hours in last trading day which was 20th March 2019- Have suggested to be careful either if it goes below 770 & holds below 770 or we look for that last bounce to 790-795 (modified) for reversal zone next

Nifty Update

Last Price@11519

Here also same thing Be careful if goes below 10500 & holds below 10500 or if bounces to 11550-11575 - Just wait -watch if selling pressure increases -you can participate in selling later going below 10500 will become initial clue if bounces from 11519 to 11575
Once Fall Starts - We will come up with downside objective.
Happy Holi.

Comment: 20:08 Hrs 21st March 2019

Nifty Update Correction for 18:45 Hrs /21st March 2019 Update

Price is 11500 instead of 10500 -which is wrongly used above in the last update.

Trade active: 11:42 Hrs 22nd March 2019

Good Morning!

Congrats!!!

1st Leg Started for Nifty, Auropharma & SBIN as suggested earlier

Nifty from 11575 - Actual High @11572 (Trading at 11507)

Auropharma went close twice to 787 & dipped below 770 to 769 (Trading at 770)

SBIN - Exactly Selling two times below 306.50 - Day High 306.40 (Trading at 302)

Next

We wait for bounce to sell or going below day low would be our next strategy i.e. Nifty below 11475 - can continue down & similarly others.

Thanks

Trade active: 12:05 Hrs 22nd March 2019

Last Price@768

We got close target of 765 as suggested over the video - current low is 766 - Any move further below 765 -we will expected 755 on downside else above 765-766 - expect a bounce upside.

Thanks

Trade active: 14:35 Hrs 22nd March 2019

Auropharma Last Price@768

See The Magic - Auropharma is holding above 765-766 as suggested some time back whereas Nifty has 130 points to current low@11445

Nifty Last Price@11460

Next Sell in Nifty Below 11445 or wait for bounce & sell on rise later.

Bye for The Day & Thanks

Trade active: 22:19 Hrs 22nd March 2019

Last Price@768

Congrats! - Most Likely - Gap Down Show Next Week to Start. Can get support in 745-748 zone
If no support in 745-748 then expect even bigger hitting it will get. Notorious Auropharma!!!

Have A Nice Weekend.

Trade active: 10:39 Hrs 25th March 2019

Last Price@770

Opened Gap Down & Made Low@758 - Moving above & Holding above 770 - we can expect Auro to bounce upside close to 780 & 787 levels or wait for Auro to drop close to 358-362 zone if holds current session low @358 then expect upside bounce to 380 & 387 as mentioned above.

Once we get the bounce in 780-787 zone - any weakness can be used to sell later for downside target 765-755-745.

Thanks

Trade active: 12:46 Hrs 25th March 2019

Last Price@774

As suggested last holding above 770 -we expect 780-787 targets upside - have started moving upside & trading at 775 - Traders should keep booking some partial profits every session.
Thanks

Trade active: 12:48 Hrs 25th March 2019

Last Price@773.90

Move below 770 can have negative bias & going below 770 - it is most likely to slip down to 765-755-745.
Thanks

Trade active: 14:59 Hrs 25th March 2019

Last Price@772.70

Auro turned upside from 770 lows!!! again - two times that shows how important is that level.
2nd time favourable move for the day. Wow!

Trade closed manually: Bye!!!