WaveTalks

Auropharma Video-Waves 895 to 503- Bar Replay- Current Scenario

WaveTalks Updated   
NSE:AUROPHARMA   AUROBINDO PHARMA
Hi All,

Excited to share video analysis on bar replay feature- an excellent one from TradingView Development team. Thanks to all team members for giving us such a wonderful tool. Let us check the crash between 895 to 503 & current complex scenario.

Thanks for all your support.
Trade active:
11:42 Hrs 12th Dec2017

Last Price@684

Looks like Auro will take temporary halt between 682-684 as it is struggling to go down further.
Partial Profits shall be good idea in sell below 689-690 levels.
Trade active:
12:20 Hrs 12th Dec2017

Last Price@686

Going Below 682.50 - Selling continues . Booked Partial Profit@684.
Trade active:
12:52 Hrs 12th Dec2017

Last Price@683

Auro looks weak as expected in the video. Best of luck guys!. Enjoy & Trade Carefully.
Trade active:
13:01 Hrs 12th Dec2017

Last Price@684

Spending some time between 683-684 - looks like push upside again -short term upside but keep an eye on the stock as sooner or later tomorrow down move should start below 682-682.50 levels.
Trade active:
14:05 Hrs 12th Dec2017

Last Price@682.50

Flirt Zone - 683-684

Broken below 682-682.50 - made new low@681.30- Momentum is not strong downside as trying to flirt again in zone 683-684 - Avoid taking short positions till the time you see selling pressure downside

Upside push still cannot be denied means we can expect upside again as suggested 683-684 - Auro is passing time in that zone since long time so we call this zone as flirt zone- not serious.
Trade active:
15:20 Hrs 12th Dec2017

Last Price@677

Hmmmm - Will it crack more. Unfortunately session is ending for the day. Have a nice day ahead.
Trade active:
12:25 Hrs 13th Dec2017

Last Price@684

Flirt Zone - Remember - Risky Traders - Get Ready to sell between 683-684 & Safe Traders sell below 678 for targets back to 670- 665 - 650 downside
Trade active:
13:55 Hrs 13th Dec2017

Last Price@678

Did you sell the flirt zone- 683-684

Trade active:
14:29 Hrs 13th Dec2017

Last Price@673

1st Target done close at 671

684 to 671

Trade active:
14:48 Hrs 13th Dec2017

Last Price@666

2nd Target done at 665

Trade active:
10:14 Hrs 14th Dec2017

Last Price@669

665 was our 2nd target & we got reversal 2 times -one exactly at 665 & another just now@666
So next selling only below 665 for more downside or we wait for some more time.
Trade active:
10:35 Hrs 14th Dec2017

Last Price@666

It has dipped below 665 but need to stay atleast for 5-10 mins below 665 to indicate that it wants to travel downside else we will avoid selling at present & look for a bounce.
Trade active:
14:42 Hrs 14th Dec2017

Last Price@667

Prices aren't moving convincingly upside so we are left with a down move & likely we get the final target of 650 or close to 650 levels. Have Fun

Do support.
Trade active:
08:08 Hrs 15th Dec2017

Last Price@665

Good Morning!

Playing with the Idea for upside turn from current zone 665-670

There could be possible wedge structure in formation. Any move above 669-670 - Important support/resistance zone shall be first clue for upside move.

Strategy 1 - Dips to 655-657 zone & bounces above 660 for buying opportunity.

Strategy 2 - Moving above 669-671 zone without dipping to 655-657 zone shall be first clue for upside.

Later it has to cross 677-679 - Flirt Zone 683-685 & Finally above 699-700 - It can zoom upside.
These zones can be taken as partial target booking zones.
Trade active:
08:18 Hrs 15th Dec2017

Last Price@665

Possible Wedge Picture

Trade active:
10:12 Hrs 15th Dec2017

Last Price@673

Partial Profit Booking Zone 677-679 - Stopped the current opening move.

Trade active:
10:48 Hrs 15th Dec2017

Last Price@671

Next Buying Only Above Current Day Rejection Zone of 677-679 else we can get a dip

Safe Traders can look to buy only above 679 & Risky Traders can expect a dip to buy downside.
Trade active:
11:26 Hrs 15th Dec2017

Last Price@670.50

Risky Sell Call
(As any move above 680 which is above rejection zone can be next clue for upside move)

Risky Sell Call from close to 677-679 -Rejection Zone. So, getting an opportunity to sell close to the zone & putting stops above 680 -can look for 665 -660 Target Downside
Trade active:
13:36 Hrs 15th Dec2017

Last Price@667

Just dipped between 665-666 - 1st Target Zone or close to 1st level.
Trade active:
13:40 Hrs 15th Dec2017

Last Price@667.30

2nd Target - we will look only below 665 or it can bounce upside so sell only below 665 for 2nd target or look to sell again in the rejection zone 677-679 with strict stop loss above 680

Risky Call - Upside Bounce
Holding 665 on downside -look to buy for a bounce to 672- 675-677 targets
Trade active:
14:31 Hrs 15th Dec2017

Last Price@668

Got a chance in risky buy call - suggested to buy keeping stops below 665- Got the entry @666-667

Once it goes above 670- Trail the stop loss to cost or book partial profits - targets as mentioned 672-675-677 & If Rejection Zone holds in 677-679 with stops above 680 - sell again for targets 670-665-660
Trade active:
22:50 Hrs 17th Dec2017

Last Price@667.50

Next Week - Volatile Day on account of Gujrat & Himachal Pradesh Election Results.

Any move above 670 if holds for 5 mins then look for 677-679 target & above 679 for 685-687 target

Later any resistance in 685-687 zone we will wait & watch if fails to move above then we will take short /sell with day high as stops & target 679- 670- 660

So, let start the week on an exciting note. Take care.
Trade active:
09:26 Hrs 18th Dec2017

Last Price@659.50

Below 665 - which was very important level - Auro has touched the final target 650 - Days low@650.40

Volatile session - look the short term bounce from 650 - Final & Important target level.

Trade active:
12:27 Hrs 18th Dec2017

Last Price@675

Boom - 677 - Done & Kissed the top as expected above 670 - Next above 679 - we will check for 685-687 -as suggested last night.

Trade active:
09:28 Hrs 19th Dec2017

Last Price@680.50

Above 679 for 685-687 target

Later any resistance in 685-687 zone we will wait & watch if fails to move above then we will take short /sell with day high as stops & target 679- 670- 660 on the night of 17th Dec2017.

Let us start the exciting day.

Comment:
09:38 Hrs 19th Dec2017

Last Price@682

Have you started your day on exciting note. Cheers!
Trade active:
09:28 Hrs 9th Feb2018

Last Price@592

Auropharma - The false breakout upside at 800 - Awesome!!!

Trade closed manually:
12:19 Hrs 9th Feb2018

Last Price@583

As suggested at 590 below in comment looks dicy.

Closed ----------------------------Bye --------------------------Closed

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

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