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WaveTalks
May 14, 2019 2:43 AM

Auropharma - Elliottwaves - Did You Catch The Top @838  Long

AUROBINDO PHARMANSE

Description

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

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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!!!
Comments
UrvishShah
Please review this counter.Will it bottom out at 550(Trendline support)
gameofmoneys
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.
WaveTalks
@gameofmoneys, Cheers!!!
Vikalpbothara
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.
WaveTalks
@Vikalpbothara, Keeping a track on all stocks is not possible. Hope you understand. Thanks
Vikalpbothara
@AbhishekHSinghCMT, CLOSE THE TRADE WITH APPROX Rs.10 PROFIT. THANKS A LOT FOR THE AWESOME ANALYSIS.
WaveTalks
@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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