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WaveTalks
May 13, 2020 3:16 PM

Auropharma - Top or Trap at 700 !!! 

AUROBINDO PHARMANSE

Description

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



Plan A -
Moving Above 700 -Expect 730-740 as Target zone next

Plan B -
Stopping close to 740-750 - Selling can be expected but these are aggressive selling & stops are extremely tough to suggest until last moment - Once selling starts holding below 740-750 zone - we expect downside targets as
700 / 660-665 / 615-625 / Only going below 600 - Expect 565

Plan C -
Crossing above 750 & Holding above 750 - look for 780-810 zone as Target zone

Plan D -
Taking Support of Trendline (weekly chart) - close to 550-565 zone - Expect stock to push upside for 625 / 660 / 685-700 / Above 700 for 740 / Above 750 for 790.
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Last Video Idea Link - Is it Ready for Explosive Journey


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Thanks for watching the video & your precious time.

Comment

08:57 Hrs / 14th May 2020

Good News !!! from TradingView

Markets in your pocket

Download free app & access NSE /MCX charts on the go. Hurray!!!

Trade active

09:22 Hrs / 14th May 2020

Last price @ 674

Current Question - Can we get the final leg upside from 667 to 695-700 & Above 700 for 730-740

That will finish the Ending Diagonal / Wedge Structure - later if holds below 740 /750 - We sell - Do read the trading strategy as mentioned above.

Trade active

13:42 Hrs / 14th May 2020

Last price @ 661

658-660 is key zone & 650 as critical level & failing to hold -This expected pattern gets invalidated

So expected bounce can happen only if it holds above 658-660

Trade active

13:49 Hrs / 14th May 2020

Last price @ 659

Just dipped below 658-660 zone -key zone & bouncing above the zone still be considered as a lifeline & pattern is very much active for upside targets of 685/700+

Trade closed manually

04:57 Hrs / 15th May 2020

Have published ------live market video for Auropharma-"Case of Ending diagonal / Rising wedge"

Please check the video & watch it carefully. Mark all levels - Plan your strategy

Thanks for all support
Comments
UnknownUnicorn5245909
Plan A failed to enter (price was too far from entry levels of range)
Plan B has range 695-700
1. how do you say above and below with range of price.
2. If we keep entry/sl/order only 0.01, then trade excute therefore, as per this statement, you plan B has already activated (with day's high 701 )for selling without stoploss

I am pure a trader, not analysist. So i follow level if anyone here who are trading they know that my above discussion is complettly correct practically.

At the last, timeline update is giving us notification on the time and everyone know it. so there is not accurately meaning of practice talk on timeline. Moreover, No one open the tradingview all time due to market hrs so, timeline.. i hope you understand.

Thanks.
WaveTalks
@Riya_roze, I can understand but unfortunately have no time to update any where else.
UnknownUnicorn5245909
@AbhishekHSinghCMT, sir I respect you, I am nothing against you. I don't want you down. And I know no one can predict 100% market. But one thing I believe in that ,"we have to make mistakes to be successful". And I know you are very hardworking and you are not doing any scam like other author. I just poinout some thing. And I know you will try hard to avoid this mistakes future. All are novices no on have knowledge like you . You can beat easily.
Sorry sir if you get hart or sarcasm !
Respect forever Abhishek sir ❤️
WaveTalks
@Riya_roze, Good News as you can access TradingView through mobile app released which is much easier.
UnknownUnicorn5245909
@AbhishekHSinghCMT, I don't care about loss I can recover But me motivated ! You are going to be wolf of Wall Street and Dalal Street. Thank you sir....
WaveTalks
@Riya_roze, Thanks for your kind word. Cheers!
UnknownUnicorn934879
Dear @Riya_roze,

1. Plan A didn't activated so you cannot say it has been failed.
2. ''above & below'' --- any novice can understand this above means closing of the specific time frame candle say 1 hour, 30 mins, 15 mins .
3. Every individual has its own risk capacity, If he has not suggested any SL then you must decide you own according to your risk capacity !!

Now lets talk about ur trader & analyst statement: your Trading view profile suggests that you know very well how to use support resistance & how to make them as ur SL & targets. A pure trader or a novice trader also understands to keep SL/TGT if its not mentioned by someone else. you said you are not an analyst, its okay. Even if someone follow only for levels then one can easily identify the imp. zone & can place your SL & targets. NO DEAR ! YOU ARE NOT CORRECT PRACTICALLY.

You are doing this intentionally to demean someone whom I met personally & sorry I cant let this happen. If you don't like the analysis you can simply unfollow . You have never appreciated for any other ideas then how can you start blaming him & finding mistakes on this idea???? you don't have that right. Try to bring your level up, don't focus on evaluating mistakes of others.
AMBRISH
You have simplified the whole strategy, quite a change!
WaveTalks
@AMBRISH, Hope you liked the change. Thanks
AMBRISH
@AbhishekHSinghCMT, Yes, Your analysis has become easy to understand and act on it.
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