AbhishekHSinghCMT
Long

Auropharma- ABC move till 855-865 zone

NSE:AUROPHARMA   AUROBINDO PHARMA
154 2 1
If this is the corrective structure post 806 lows then likely we will see one more push to the zone 855-865 where it will retrace prior down move from 895 to 806 by 61.8%.

Also the move started from 806 was A-wave             & currently into a B - wave which is always tough to trade- looking for the C-wave             to complete in the mentioned desired zone of 855-865 & also to check whether its a corrective move or impulsive move but likely 806 is very important from a long term point of view. Any move below 806 will confirm that 895 was the top in the 5th wave as per larger degree.

Short term looking for the bounce.

Auropharma-Top@895- is this the end?


Trade active: 13:14 Hrs 2nd Nov2016

Trading@790

Auro drops below 806 -was 895 short term top for auropharma?
Trade active: 13:19 Hrs 4th Nov2016

Last Price@738

Panic button for Auropharma
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
in a triangle the thrust after retesting the B-D line should shoot up atleast 75% of the widest part of triangle so target is 960 !! ??
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could be but if it breaks 806 & starts moving below that shall be risky- by the way I am looking atleast for 850-860 zone
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