AbhishekHSinghCMT
Short

Auropharma - Double Top Extended at 636- Becomes Triple Top

NSE:AUROPHARMA   AUROBINDO PHARMA
10:44 Hrs             - 16th Aug 2018

Last Price@633.85


In last update - we played with auropharma             stock in 621-615 couple of times - not once but three times atleast -If I am correct & closed the update once our juicing level at 621.50 was crossed on upside.

Last Update - Auropharma             -Game of Bottoms


Moving above juicing level at 621.50 - it went exactly to 636 - Earlier Double Top gets extended & forms Triple Top.

Trading Strategy

Plan A - - Sell in 633-635 zone with strict stops above 637 as any move above 637 can be explosive because of triple tops at 636 levels but be careful as it should never return back once it crosses 636 -should atleast travel beyond 645 -else skip the buy above 637

Targets - Plan A
Selling Targets - 628 - below 627 - 624 - below 624 -619


Plan B - Buying above 637 - But be careful should hold above 635-636 zone - Else do read below update

Do read below mentioned update in free time - crossing above 800 is this a false breakout - indeed it crossed above 800 to return back inside & fall to 527 levels

Always motivate the author by supporting the idea in time as time is important factor - Authors take lot of pains to write the reports.

Trade active: 11:28 Hrs 16th Aug 2018

Last Price@637

If just dipped from 635- 636 to 633 levels & crossed above 637. So plan B is active with cautious stops again - to convince us that it is not a false breakout above 636

-It should not fall below 635-636 zone else be careful.
Trade active: 11:48 Hrs 16th Aug 2018

Last Price@635

Never hurry in trade -I have suggested this several times - have patience 635 -636 zone is important -if it fails to hold for some time - then you will see yourself
Market flux - everyone will join the trade for one direction

Have patience & Trade!
Trade active: 12:29 Hrs 16th Aug 2018

Last Price@629.30

Awesommmmmmmmmmme!

See - I warned all traders - below 635-636 - be careful - He is a serial offender of doing false breakouts

Our target below 619 can extend downside to 608-610 zone - again be careful below 608

Thanks
Trade active: 13:09 Hrs 16th Aug 2018

Last Price@631

As suggested our downside target at 628 - we got close target at 629's - booked - got a bounce to 633-634

Now trading back at 631...........using the bounce to sell is the strategy for the session.......story continues!
Trade active: 13:21 Hrs 16th Aug 2018

Last Price@633.50

Again bounces from 630 to 633.50 - Wow!
Trade active: 13:43 Hrs 16th Aug 2018

Last Price@631

Falling again from 633-634 to 629 - Again n Again n Again.....
Trade active: 13:45 Hrs 16th Aug 2018

Last Price@632

Keep buying at 629 - Keep selling at 633-635 - Keep doing it - What a sugarcane juice.
Trade active: 14:07 Hrs 16th Aug 2018

Last Price@632.50

We sold again at 633.50 between 633-634 - Keep in mind no selling if it crosses 635 on upside as that is our ruin point or danger point.
Trade active: 14:28 Hrs 16th Aug 2018

Last Price@631

Do not miss 633-634 zone that is our juicing zone - as going below 628-629 it will slip to 624 & below 624 for 619
Trade active: 14:45 Hrs 16th Aug 2018

Last Price@630.80

Again holding 630 lows - bounce to 633-634 - sell later - Wow!
Trade active: 14:47 Hrs 16th AUg 2018

It puked to 626 - below 629 so many of them selling ! finnally
Trade active: 14:53 Hrs 16th Aug 2018

Last Price@629

You need to keep selling only from tops of 633-634 keeping in mind 635 as danger means it should not cross above 635 else all selling closed.
Trade active: 14:55 Hrs 16th Aug 2018

Last Price @631

Crossing 635 on upside & holding above 633-634 it will likely cross 638.50 -day high & reach into new zone 644-650 else selling from 633-634 zone for 629- 620 target downside.
Trade closed: target reached: 15:01 Hrs 16th Aug 2018

Last Price@632


We reached two targets downside 629 -624 - before dancing 4 - 5 times in 634-629 zone - fortunately sold every tops & bought most of the bottoms for the day before it leaked & completed all levels till 624 as mentioned

Only below 624 for 619

We got the bounce hard as well on upside- Avoid selling above 634 levels as crossing 635 -it can move upside even crossing 638.50 highs for the day

Comment: 15:30 Hrs 16th Aug 2018

Last Price@639

Easily crossed 638.50 - day high as suggested before closing the update. Awesomeeeeeeee!
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
YES..HAD Put the rates in the system..
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@Gururajr, Hope it was good day for you.
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squared off at 630.50
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@Gururajr, Did you miss lower targets now - it just gave away 629-630 zone - slipped very fast
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SUPER ANALYSIS...
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@Gururajr, Cheers! - I Just Love this stock beyond boundaries but always keep a check on my emotional meter - check - check! hahaha
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