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WaveTalks
Sep 9, 2016 4:48 AM

Auropharma- 820-810 Could be rejection zone Long

AUROBINDO PHARMANSE

Description

Intraday as well -we should keep this stock on radar Likely above 814 has triggered an up-move. But as said we shall take any long opportunity only above 822.50 -b wave swing high or going below 805 should be problem for auro.

So, daily close above 814 shall be an important clue in Auropharma from a sense of the larger degree.

Trading Opportunity - Going above 822.50 - look for longs or Going below 805 look for short. No Trading Zone 805-822

Trade active

15:40 Hrs -IST-9th Sep2016
Finally, it started going down below 805. Closed at 802.90

Trade active

12:55- Hrs- IST-12th Sep2016- Below Mentioned MY first update No trading Zone 805-822- As soon as soon it goes below 805- down move started so this was kind of trading opportunity downside
Comments
dekadipak70
Abhishek sir, AUROPHARMA will go up in coming days, it will cross 822 level easily. Mark my words sir.
Prestrader
Sorry sir, it seems it took a U-turn, SL hit, now going bearish, SL-813.
WaveTalks
I told you not to go long unless it clears & sustains above 814 on closing basis -which was not happening.
WaveTalks
No issues -Market is a good teacher - we need to accept & learn. Also, I can understand -when hard earned money goes out of pocket. Never regret for your mistakes, but try to take one lesson at least so that we can improve.
dekadipak70
Thank you sir. #Respect
WaveTalks
Welcome
theeye
Can short be taken on monday for tgt 790, pls advise.
WaveTalks
You should not hurry up to trade -always we get trapped -if we take decisions in a hurry. I am not likely going to take any short unless it goes below 765 -Yaa its far away -but prices are very choppy-chances of getting trapped are more so either wait for clear trend which could be above 822-823 for up move or below 765 for down move -Meantime, If I feel any changes or opprtunities, I will update on the same. Regards
theeye
Thanks Abhishek, for timely updates and the warning of no trading zone 805-822, as it's still moving in that zone.
WaveTalks
Welcome
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