AbhishekHSinghCMT
Long

Auropharma - Elliottwaves - Did You Catch The Top @838

NSE:AUROPHARMA   AUROBINDO PHARMA
Trading Strategy

Last Price@717

Plan A
Expect Bullish Move "If" stock holds in 705-709 zone with strict stops below 695

Targets- 760/775/790


Plan B
Sell Below 695 with strict stops above 720

Target - 620 / 630

Thanks for watching the video.
Trade active: 09:26 Hrs 14th May 2019

Last price@715

Wow!!! - Made Low@702-703 -Pushed upside - order got filled. Nice way to start the day.
Thanks
Trade active: 09:39 Hrs 14th May 2019

Last Price@709

Kindly Trail your stop loss to entry price -that is part of risk management so that you don't lose anything if goes below 700.

Going Below 700 - close all positions & stay out
Trade active: 10:41 Hrs 14th May 2019

Last Price@711

2 Attempts by Auropharma close to to 700 between 702-705 - Our picking was suggested 705-709

Now Trail your stops below 701 & lose nothing or very small amount - we are 5-7 points plus on upside.
Trade active: 11:30 Hrs / 13th May 2019

Nifty update

Day Low@11109 / Current Price @11115

Trading Plan A
We are looking for Intraday push upside to 11175-11200 zone - Keep strict stops below 11100 & can take short term buy positions

Trading Plan B
Once we get upside push to 11175-11200 zone - "if......"if" holds below 11200 then look to sell with strict stops for downside target 11125 - 11100
Trade active: 13:03 Hrs / 13th May 2019 '

Nifty update

Day high@11152

Book Partial profits if fails to cross 11150 convincingly & rejoin at bottoms from 11109 again

If crosses 11150 then expect upside 11175/11200 zone
Trade active: 13:36 Hrs / 13th May 2019 '

Nifty update

Day high@11200

Last price@11184

Plan A -------------Target Done Exact at 11200 -------------Wow!
Trade active: 14:38 Hrs / 13th May 2019

Nifty Update

Last Price@11287

Boom - Did You Buy at The Bottoms from 11109

Surprise - Surprise !!!

Trade active: 08:22 Hrs / 15th May 2019

Nifty Update

Intraday Trading Strategy

Plan A (Safe Traders)- Look to join the bulls camp in 11200-11225 -once this zone holds & no buying trade if it dips below 11200 - Target - 11290-11315 zone

Plan B (Risk Traders)- Look to join the bulls camp in 11180-11225 with stops below 11135- Target - 11290-11315 zone

Plan C ------------ "if" Nifty halts in 11295-11325 & not crossing 11361 then with strict stops above 11361 - Traders can sell for downside targets -11185 & 11135-11150

-------------------------------------------------------------------------------------------
Auropharma is on for upside targets as suggested over the video.
Trade active: 11:59 Hrs / 15th May 2019

Last Price@11265

Buying Range 11200-111225 missed by 10 points - we are looking for upside with modified target 11325/ 11375 (has to cross 11350-else use "plan "c" as mentioned above)
Trade closed manually: 13:16 Hrs / 15th May 2019

Last Price@716

Trail your stops at 709 - close all positions if goes below 709 to remain in some profits else wait for 700 mark- going below 700 -it will be risky to hold long positions. Kind manage the risk at your end.
Comment: 21:14 Hrs / 15th May 2019

Auropharma Update

Last Price@709

Even though the call is closed but keep in mind the Plan A - 705 to 709 - Today low was close to 705 - Will it boom tomorrow. Cheers!!!
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Please review this counter.Will it bottom out at 550(Trendline support)
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Thank you very much for this amazing idea. It proved really profitable. Realizing the same pattern i also made good gains in Voltas. Thanks to you.
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@gameofmoneys, Cheers!!!
Reply
Thanks for the amazing video. I see that we are looking at supports here. I have made a position at 709.7(since i saw this late) & have kept the SL at 695. Also i can suggest looking at SR Transfin. which is making similar patterns like Auropharma.
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@Vikalpbothara, Keeping a track on all stocks is not possible. Hope you understand. Thanks
Reply
Vikalpbothara AbhishekHSinghCMT
@AbhishekHSinghCMT, CLOSE THE TRADE WITH APPROX Rs.10 PROFIT. THANKS A LOT FOR THE AWESOME ANALYSIS.
Reply
@Vikalpbothara, Keep a watch - I even suggested about Nifty trade for safe traders if holds above 11200 - Day low@15th May 2019 is 11199 so you could have holded Auropharma looking at index. Nifty Last Price@11231 / Auropharma last price@717.45
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