Auropharma - Pharma Traps at 800

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Trading Strategy

Plan A
Sell below 440 for targets 400 /350 /300

Plan B
Buy Above 455 "If holds above 450 as a condition" for upside targets 475-480 & Above 480 for 500-510 & Above 520 for 530/540/550

Plan C
If Plan B activates & stock reaches 500-510 zone where it finds resistance or upside hurdle -traders can sell once it starts moving back below 500 as condition. No selling if crosses above 500 & holds the level as support later.

Last Video Idea - Click to see the video

Elliottwaves - Will it repeat the fall of 2016

Thanks for watching the video & your support. Good Night!
Trade active: 10:36 Hrs / 7th Nov 2019

Last Price @ 446

Recent Low - 442

Never leave trades having reward for small risk. 440 was critical level- going below, stock could have continued its slip & halting close to 440 at 442 was buying opportunity for upside 450/460 & 475-480.

Trade active: 12:20 Hrs / 7th Nov 2019

Last price@451

Just turned down from 455 Highs for the day. Nice push upside from 442 to 454-455 - Check the Plan B which activates above 455 highs holding 450 next. Thanks
Trade active: 14:58 Hrs / 7th Nov 2019

Last Price @ 452

Hits 454-455 band again for the day & turns down - Wow!!! ---------Got the resistance at 455 levels as suggested for Plan -B to be active. Thanks
Trade active: 18:50 Hrs // 8th Nov 2019

Last Price @440

455 was an amazing level - Thanks Plan B ---------- did not activate. Happy Weekend!!!
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
your first statement and second last statements are contradictory to each other. please review them. I am betting on your experience and shorted@ 438.
thanks Abhishek for this. Auro was "my fav" to trade when it was in the 620-720 range in 2016-2017...lost track of it in 2018
sir i hv 15 share @735...wht to do ..hold or sell.??
AbhishekHSinghCMT chinmayaprasad
@chinmayaprasad, Don't look equity from short term point of view. Structure is bearish so wait for new lows & accumulate few more shares in close to 250-300 if you get because later when it starts moving above 800 - you could get 1200/1600 target upside - it is just you have to wait & need lot of patience. Thanks
chinmayaprasad AbhishekHSinghCMT
@AbhishekHSinghCMT, Thanx...
Thanks for your efforts and idea to come up with such detailed analysis. God Bless
@TURTLEDR, Welcome
@AMBRISH, Thanks
Nice sir
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