AbhishekHSinghCMT
Short

Auropharma - Sell The Bounce 692 -Have you Forgotten FBO!

NSE:AUROPHARMA   AUROBINDO PHARMA
Hello Community,

13:03 Hrs - 28th Aug 2018

Last Price@687


Happy to back with my favourite stock - Auropharma - my best buddy!

We are looking to sell the bounce at 692 highs & going below 682 -shall look for 670-660-650 & below 650 even lower so take it in small pieces -shall be easy to gulp.

Risk Takers Can sell from 690-692 zone for Targets downside as mentioned
Target 1 - 670

Target 2 -Below 670 -- 660

Target 3 -Below 660 -- 650


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Market Ke Baad - To check At Tea Time

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Last Time we closed the update at 669-670



Video Idea - Have you forgotten about FBO Agent - Cracking from 697 to 670
FBO - Not FBI - I Always tell - False Breakout Offender

Trade active: 14:03 Hrs 28th Aug 2018

Last Price@683

About to break 682 from 692 highs - Awesome!
Trade active: 14:16 Hrs 28th Aug 2018

Last Price@681

Breaks 682'sssssssssssssssss - Happy!
Trade active: 14:48 Hrs 28th Aug 2018

Last Price@684.50

Intraday 680-682 is strong band so it could hold that zone for the day & we can sell on the bounce tomorrow
Trade active: 14:58 Hrs 28th Aug 2018

Last Price@684.00

Market never moves in one direction unfortunately. So we plan to sell on bounce close to 692 highs or important resistance is 698 for future selling.

"Close to 692 Highs or Close to 698 Highs" - Next selling

Have a wonderful day ahead!
Trade active: 15:13 Hrs 28th Aug 2018

Last Price@686.50

Oh- Bounced today itself - I thought bounce will happen next day!
Trade closed manually: 18:17 Hrs -29th Aug 2018

Last Price@690.50

As suggested last at 14:58 Hrs - 28th Aug 2018 above - Selling Close to 692 or 698 is the next levels.
It turned down from 697 highs which was extremely close to 698 highs - we have nothing to lose as already we sold once from 692 highs to 682-684 & suggested that we are expecting a bounce which it did yesterday before closing & today again from 680-lows to day high @697.


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
700 - 702 can be ideal stop loss
Reply
@krishika, Cheers & Thanks!
Reply
@AbhishekHSinghCMT, sir what should be the stop loss, I shot at 690
Reply
@ashutosh.1246, Selling was suggested close from 692 highs or 698 highs - It turned from 697 highs today. Our stop loss is 698
Reply
Sir, At what price shall we go short?

Thanks,
Rasika
Reply
AbhishekHSinghCMT Rasika_S_Patel
@Rasika_S_Patel, Hi, I mentioned about selling at 14:48 Hrs - 28th Aug 2018 - We sold first time from 692 & covered at 682-684 - suggested

"Close to 692 Highs or Close to 698 Highs" - look for next selling - What happened as of 29th Aug 2018 - Auro turned down from 697 which was extremely close to 698 highs.
Reply
Rasika_S_Patel AbhishekHSinghCMT
@AbhishekHSinghCMT, Thank you sir. In that case the short trade is active for the second time.
Reply
AbhishekHSinghCMT Rasika_S_Patel
@Rasika_S_Patel, Yes but it becomes invalidated if it moves above 698 highs. Till the the time 698 is protected- Downside is open.
Reply
Rasika_S_Patel AbhishekHSinghCMT
@AbhishekHSinghCMT, ok sir. Got it. I did not take position on this. Was interested in learning from your analysis. Thank you.
Reply
AbhishekHSinghCMT Rasika_S_Patel
@Rasika_S_Patel, Welcome!
Reply
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