AbhishekHSinghCMT

Auropharma - Pharma Traps at 800

NSE:AUROPHARMA   AUROBINDO PHARMA
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

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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.

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Last Video Idea - Click to see the video


Elliottwaves - Will it repeat the fall of 2016



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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.

Thanks
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
http://in.tradingview.com
| 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.
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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
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sir i hv 15 share @735...wht to do ..hold or sell.??
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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
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chinmayaprasad AbhishekHSinghCMT
@AbhishekHSinghCMT, Thanx...
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Thanks for your efforts and idea to come up with such detailed analysis. God Bless
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@TURTLEDR, Welcome
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Awesome!
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@AMBRISH, Thanks
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Nice sir
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