AbhishekHSinghCMT
Long

Auropharma - Cypher Hiding in the Cloud 597-615 & Back

NSE:AUROPHARMA   AUROBINDO PHARMA
There is a bullish cypher which is hiding in the cloud.

Risky Traders
Buying in the range 595-597 with strict stops below 595 for target 610-615 & if any resistance seen in 615-617 -can be seen as selling opportunity for target 600-590 -580 later

Safe Traders
Buying above 607 for 610-615 & if any resistance seen in 615-617 -can be seen as selling opportunity for target 600-590 -580

Note - No Selling Trade Above 520-521 zone & No Buying trade below 595
Trade active: 11:30 Hrs 16th May 2018

Last Price@608

Target 1 @610 - Done

Trade closed manually: Closed for the day. Bye
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
great catch, and perfect return. Also in your latest post about auro, i thought i saw a second cypher in the making, so i looked into it, and found that you might hv accidently drawn the Cypher using the XABCD patten instead of Cypher pattern Tool. Its C point using Cypher tool is about 1.618, which i think is still valid where ideal is 1.27 minimum.
Just bringing to your notice that its more common than we think (speaking from my experience)that we forget to switch to betwene those two tools.

The yellow cypher is kinda invalid since its B passed the 618FIB else it dancing nicley in the channel.
Reply
Nice
What about zig zag bullish move u expect ?
+1 Reply
@gulz, Likely we should start soon.
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