WaveTalks

Auropharma - B- Wave Shift Can Cause Havoc 790-810

Short
WaveTalks Updated   
NSE:AUROPHARMA   AUROBINDO PHARMA
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

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Trading Strategy
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Plan A ( Long Term Analysis)

As suggested several times 790-810 is the danger zone so you better be careful as any small indication of the fall below 810 can take this stock deep down which will be reviewed later
Strictly - No Selling if crosses above 810 levels

Plan B (Short term)

Any move above 810 - You can expect upside push to 830/840 zone but strictly above 810 levels only

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Nifty for 19th June 2020


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Review of 18th June 2020
Intraday Push of 100 points above 10000. Hope you enjoyed.

What Next - 19th June 2020
Have Bearish Gartley Structure at 10100 Levels Exact

Plan A
Selling Strictly below 10100 levels for 9950 -Target 1 & Dropping below 9950 -Expect more on downside

Plan B
Moving Above 10100 - This harmonic pattern -Throw away & expect 10170-10200 as suggested earlier -strictly above 10100 levels

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Profile Page for checking older ideas - Use search box for any particular stock
in.tradingview.com/u/AbhishekHSinghCMT/

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Thanks for watching the video & your precious time
Trade active:
09:35 Hrs / 19th June 2020

Last Price @ 10130

Went very close to our 1st target of 10170 --------------Day High @ 10161

If Index corrects or falls then below 10000 - 9950 would be downside target
Comment:
09:35 Hrs / 19th June 2020

Last Price @ 10103

10100 is also a key level so you can you these levels to take positions & plan your stops
That means - falling below 10100 - It triggers for downside
Trade active:
09:46 Hrs / 19th June 2020

Last Price @ 10114

Have Patience - Index -----------------could slip below 10075 next ----------- or wait for bounce upside to sell later
Trade active:
10:25 Hrs / 19th June 2020

-----------------------------------------------------Index -Nifty Update---------------------------
Last Price @ 10102

Don't hurry up in selling as 10100 & 10075 are key levels to sell later so we still wait for upside bounce if 10100 is intact as support
Trade active:
10:32 Hrs / 19th June 2020

Last Price @ 10125

Catching ---------------------------------------10100 as running bottom----------Wow!
Trade active:
10:41 Hrs / 19th June 2020

Last price @ 10124

Catching Running Bottom in 1 min chart- Warning: Kindly consult a financial advisor before trading - I don't recommend doing so.

Key & Important Levels -------------------10075 / 10100 as identified earlier will trigger selling later------------------------------------

Trade active:
10:55 Hrs / 19th June 2020

----------------------------------------------Index -Nifty Update

Trade active:
10:59 Hrs / 19th June 2020

Last Price @ 787.50

---------------------------------Stock - Auropharma Update-----------------------------

Stock started falling close from 792-795 back again so keep a close watch

Trade active:
11:10 Hrs / 19th June 2020

---------------------------------------------Stock- Auropharma Update-------------------

We are still expecting upside bounce above 785 - intraday small fall again from 792-795 to 785

If upside bounce comes going above 785 - It may travel close to 800 / 810 /may be it crosses 810 & goes in rocket move to 830 where you should extra careful book your profits & run away
As any fall below 810 or from 830-840 could be lethal & dangerous -taking all the way back to 700 & 655 next.

Take Care & Enjoy The Markets

Trade active:
12:50 Hrs / 19th June 2020

Last Price @ 10192

---------------------------------------Index- Nifty update------------------------------

Target 10170 & 10200 is almost done as suggested sustaining above 10100 which was key level identified earlier

Time for more action --------------------- Traders should be careful close in 10200 - 10225 which is PRZ (Potential Reversal Zone) for Bearish Bat Harmonic Structure.

Downside Target - 10100 / 9950

Trade active:
13:08 Hrs / 19th June 2020

Last Price @ 10152

Always book 50 Points in Nifty --------------------------------Keep buckets ready every 50 points - Take the profit - Don't Leave
Trade active:
13:17 Hrs / 19th June 2020

----------------------------------------------Index -Nifty Update -------------------------

Last Price @ 10176

Booked 50 points in 10200 to 10135 lows which was a quick fall

Trade active:
13:35 Hrs / 19th June 2020

---------------------------------Index Nifty Update-----------------------------------------
Last Price @ 10185

Day High @ 10225

The PRZ --------------------------------------10200 - 10225 -------------Zone

We booked profits downside - as Nifty Turned upside for new day high - 10225

Trade active:
13:19 Hrs / 24th June 2020

Last Price @ 795

Has Auropharma also topped at 820- Day High


Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
twitter.com/TalksWave

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