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!!!
Trade active: 18:56 Hrs / 14th Nov 2019

Last Price@396

Below 450 -------------------------Target 400 achieved !!!
Trade active: 18:57 Hrs / 14th Nov 2019

Last Price@396

390-400 is support zone - Next fall only below 390 else some bounce can be expected.

Trade active: 10:09 Hrs / 15th Nov 2019

Last Price@400

Drawing Simple Channel from tops at 838 highs suggest that 390 was at the support of parallel trendline so bounce was expected as suggested last night - giving us 1.3% so far for the day. So, I suggested next fall only below 389/390. Thanks

Trade active: 13:17 Hrs / 15th Nov 2019

Last Price@412

Auropharma is 4% up for the day at 412.
Trade active: 10:56 Hrs / 18th Nov 2019

Last Price@427

Auropharma is another 4% up for the day at 427- Wow Trade!!!
Trade active: 11:15 Hrs / 18th Nov 2019

Last Price@426

Gap between 13 -14th Nov 2019 has been filled, let the pharma take some rest with their own pills!!!
Trade active: 11:30 Hrs / 18th Nov 2019

Last Price@425.20

In simple terms -Taking own pills in reference to this pharma chap means technically up move can continue above 427 if holds else be careful!!!
Trade active: 09:33 Hrs / 19th Nov 2019

Last Price @ 433 (2% up)

As per last update - "technically up move can continue above 427 if holds else be careful"

Day low - 427

Till 427 holds next as support we look upside for 440 & above 440 for 455-460 & above 460 for 489/500 Target.
Going below 427 will be early clue of the pause in upside trend on short term basis.
Thanks
Trade active: 09:35 Hrs / 20th Nov 2019

Last Price@437

Day High@439

Holding 427 suggested upside nearest target as 440 reached. Yesterday it went below 427 to 425.50's but bounced back above 427 suggesting that it would be heading upside. Thanks
Trade active: 18:35 Hrs / 23rd Nov 2019

Last price@468

Any move below 460-465 zone which is minor support zone holds then Your buy position is ok else moving below 460-465 zone -it can attempt 440-445 that is next immediate support zone

Failing to hold 440-445 zone It is most likely to slip to 430 & retest lows of 389/390 & even slip further down for new lows. Thanks

Comment: 18:35 Hrs / 23rd Dec 2019

My bad !!!!

Correction in month

By mistake month used as " Nov 2019" -It is "Dec 2019" Thanks
Trade active: 06:49 Hrs / 15th Jan 2020

Last Price @ 480

Good Morning All

Beauty of 440 - 445 zone & "430 " as suggested in the update above @ 23rd Nov 2019 - What a support !!!

Auro's push gave us 40 / 50 points -right from the bottom 445 to 480 or 430 to 480
Trade active: 11:42 Hrs / 15th Jan 2020

Last Price@477

Here as well -If stock remains below 480 - Traders should be careful as 440-445 / later 430 & below 430 - 390 could be retested.

This view gets eliminated if moves or holds above 480.
Trade active: 10:58 Hrs / 24th Jan 2020

Last Price @501.30

I am just updating this idea as this is running & open idea. No new stock ideas till 15th March 2020 as it failed to draw support for Indusind Bank Stock Idea. Thanks

Coming back to Auropharma

Channel bounce which started from 390 's touched our target of 500 - Highs so far is 511

Short term trades were also taken in between with key support zone 440-445 & Low -430
These two key points both gave nice push upside for few decent points.

Trading Strategy- 24th Jan 2020
510-511 is important resistance zone - Risky Traders can plan to sell till stock holds below 505 - 506 zone
Safe Traders Sell If holds & goes below 500 level for Targets mentioned below
Target 1 - 490
Target 2 - 475
Target 3 - 450

Snapshot as of 24th Jan 2020
Trade active: 18:08 Hrs / 27th Jan 2020

Last Price @ 511

Not able to hold below --------- 500---------------- Selling was to be avoided.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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