AbhishekHSinghCMT
Short

Auropharma - It's the Time to Disco -Five Turns to 785

NSE:AUROPHARMA   AUROBINDO PHARMA
Update

Do check -Latest update in previous idea- "Playing with Channel" - taking current price action into consideration.

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Chart Snapshot at 09:57 Hrs

Last Price@789


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Let us run the flashback

13th Nov 2018

Auropharma screamed to me post falling to lows of 760’s that I will do disco dance tomorrow 14th Nov 2018 on account of children's day - suggesting me the range as well - 780 to 765
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As updated on the post – “Playing with the channel” @15:50 Hrs -13th Nov 2018
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Closing Price@775

Top of 780's was kissed in today's session against our expectation of 785 - 790 zone from bottoms of 760's

Planning for Tomorrow -14th Nov 2018

Any chance to sell in 777- 780 zone shall be short term opportunity for 770- 765 targets downside

Later
Plan to buy in 760-765 zone if 759 is intact downside as It may do disco dance tomorrow between 780's to 760 zone
Because it needs to spend some time so next we plan to sell at the top range close by 780's & buy at bottom of the range which 760's -and dance with the market.
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14th Nov 2018
5 Turns to 785 which was updated on the post – “Playing with the channel”
“If you missed the updates on the post – check your settings in idea stream tab in tool's panel.”
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15th Nov 2018

Trading Strategy -

Latest Update
Taking into consideration early price action of today - 785 is key level and 790 is critical level -till the time 790 is intact -we shall sell for 775 -765 - 760 & below 760 for 745-748 target zone.

Plan A
Fall to continue from 785 – It’s 785 – Going Below 765 & Breaking 760’s can take stock to 745-748 zone which is next important support zone .

Plan B
In case, it holds 765 – does not move below 765 then risky buyers can take buy call /long position with strict stop loss below 765 & upside target as 773-778 later.

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Hope, you enjoyed the disco dance – 5 Turns to 785. Do take good care of yourself. Thanks for watching the video and your precious time.
Trade active: 12:01 Hrs 15th Nov 2018

Last Price @781

Risky Traders

1st Target Done @775 below 790 post making highs @792.
Trade active: 23:20 Hrs 15th Nov 2018

Last Price@780

Any move above 780 & holding 780 - Auro can have short term push upside to 785 -790 -798 levels
Fall can and should continue only if Auro stays below 780 levels.

Thanks and Good Night.
Trade closed manually: 10:28 Hrs 16th Nov 2018

Last Price@790

Day High@792

Reached 2nd target as suggested overnight above 780 ---- 785 and 790

Bye
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Superb analysis.............sirji
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@pk99133, Cheers!
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