AbhishekHSinghCMT

Auropharma - Target Done- fall from 625 to 578 -Bat's Curse

NSE:AUROPHARMA   AUROBINDO PHARMA
713 27 20
Auropharma             made a new low @577-578 since Oct 2016. It was an amazing journey which started from 895 -in the update "is this the end". Short term Bat's curse on auropharma             made it fall to 577-578 -which went passed our 2nd target zone of 580-585 as suggested in the update.

Update - Bat's Shadow in the PRZ 620-630


Update - Turning into reality from 895 to 580


Update - Top@895 - is this the end- did you press the panic button


Trade active: 09:31 Hrs 23rd May2017

Last Price@550

Auropharma crashes - we were at the top at 625 some time back & fortunate to sell.
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
VPS VPS
Is this a bullish butterfly? (For study purpose, not for trading.)
Reply
@VPS, 1.27 extension XA ( the most important) which gives D point - in your case D point has far exceeded 1.27 but still this can be a possibility as BC extension 2.24 & 1.27 XA gives a big range of PRZ so cannot eliminate & has a possibility.
Reply
@VPS, Also, I did not check AB should not retrace 78.6% of XA move -in your case AB retraces 94% of XA - so, invalidates the structure or not a valid bullish butterfly.
Reply
AbhishekHSinghCMT AbhishekHSinghCMT
@AbhishekHSinghCMT, Sorry for typo above - AB should retrace 78.6% of XA- leg which is also important in Bullish Butterfly along with 1.27 extension of XA which gives D-point.
Reply
VPS AbhishekHSinghCMT
@AbhishekHSinghCMT, Thanks for your inputs.
Reply
@VPS, Welcome
Reply
priyanksaxena AbhishekHSinghCMT
@AbhishekHSinghCMT,
Can we buy it now?
Reply
Can I buy this level? Pls suggest me
Reply
@gaya3, We will not hurry & let things settle down first. People hurry up in markets & get in trouble.
Reply
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