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Technical Analysis at it's very best: Aurobindo Pharma

NSE:AUROPHARMA   AUROBINDO PHARMA
Aurobindo Pharma
Closing Price 996


This is what we had written about this stock on January 05 , 2021


We have explained our view and strategy well above... So do read it to understand the importance of Planning your trade...

When Aurobindo was at 965 odd levels we suggested need to survive above the red line for another week or 2....

2 weeks down the line, We get that retest of red line (low is exactly exactly at 880 - we were comfortable buying in the range of 905-880 in Cash market) and by closing at 923 it did survive the 2 week test...

Come Monday morning... broader market is down and voila... this stock jumps 8% up...πŸ˜€πŸ˜€

Were we lucky???

You can say so... it doesn't matter... the fact remains the same... you do your home work and chances are you might start feeling lucky more often than not...or you continue to ignore the importance of planning your trade and regret later

The explanation and plan has been given well in advance....
Those who followed are rewarded handsomely.... both in the Options strategy and in Cash market too....😊

If you want to improve your chances of winning trades...
- focus on Learning,
- focus on planning,
- focus on identifying entry and exit levels before you enter your trade

Remember there is no short cut to success... One has to go through either the Pain of Discipline or Pain of regret...!!!
Choice is yours...

Happy learning and happy investing...!!!

Follow and learn...!!!

Comments

Hi, excellent analysis.. What levels should we enter now? Still long?
Reply
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