Auropharma - Tighten Your Seat Belts! Below 700 for 600 Target
Updated
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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Selling below 730 - We look for 600 Target - if you get nervous in between do book partial profits at milestones like 685 / 655 / 625 - They are temporary halts.
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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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Selling below 730 - We look for 600 Target - if you get nervous in between do book partial profits at milestones like 685 / 655 / 625 - They are temporary halts.
Trade active
09:23 Hrs / 22nd May 2020Good Morning All
ITC Update- As a trader, you should always book certain profits at key levels such 185 & so on - That is proper risk management - going below 185 you should continue down.
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09:51 Hrs / 22nd May 2020Last Price @ 189.70
Suggested 185 is the key level just few mins back
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10:23 Hrs / 22nd May 2020Last Price @ 187.95
ITC Stock Update
Every time ITC goes close to 190 you wait & sell if holds below 190 but careful don't sell if moves above 190
Note
10:25 Hrs / 22nd May 2020Last Price @ 719.75
Auropharma -------------Selling view is valid till the time it holds below 730 -----so stops should be 730 & above-------No selling if moves above 730
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10:40 Hrs / 22nd May 2020Last Price @ 186.20
ITC Update
Stock again reaching down close to 185 if fails to drop below -traders can book profits & continue to sell only if goes below 185 & holds
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10:53 Hrs / 22nd May 2020Auropharma Stock Update
Last Price @ 722.50
If falls close to 700-705 -------------Intraday Traders should book profits ----Next sell only below 700 -----------which is a key level.
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12:49 Hrs / 22nd May 2020Last price @ 186.50-----------------ITC Stock Update
See Again it took support close to 185 -------------Support means buying-----going below 185 only sell continues.
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14:54 Hrs / 22nd May 2020Last Price @ 732.85
Even though I am expecting 600 Target which actually activates below 700 - risky trader as well I would not suggest to carry the trade as it is weekend & you can join the trade on Monday
As stops were 730 for intraday selling - we need to check & review back again for new stops.
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15:01 Hrs / 22nd May 2020Last Price @730.50
If you check last week's idea -I have suggested 730-740 would be also the zone of selling
But becomes short term bullish if crosses above 740-750 handle for 780-790 zone
I will not suggest anyone carry the trade as risk is big
You can certainly join on Monday if you want to play safe
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15:06 Hrs / 22nd May 2020Monday is a holiday. Better to join when the market resumes on Tuesday
It was range-bound trade today between 730 to 719 -if closely watched till it broke upside above 730 levels
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15:23 Hrs / 22nd May 2020 Nifty Update
Nifty Index is choppy above 9000 levels ------------going below 9880 / 9850 - triggers downside for 9850 / 9700 levels next week which most probably gives an indication that stocks will be weak
Note
15:25 Hrs / 22nd May 2020Triggers downside ---------------for 8850 / 8700 levels downside
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15:32 Hrs / 22nd May 2020 Apologies for wrong numbers ------going below 8980 / 8950 -Index likely to slip to 8700 levels
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11:13 Hrs / 26th May 2020 Last Price @ 731
Risky Traders ------------Whenever selling starts -make sure that you book profits in 650-660 zone as that is a strong support zone
Only going below 650 - It will extend downside to 600 / 565 levels in order.
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14:40 Hrs / 26th May 2020 Last price @ 719
Early Sign of Short term Top at 735 -Day high- Any fall in 700-710 next should be partial profit-booking- once it goes below 700 -Next selling sequence starts for 650-660 zone
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11:06 Hrs / 27th May 2020 Last Price @ 705
Very closeeeeeeeeeeeeeeee to 700 our target from the tops of 730's - next selling only below 700 key level.
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11:21 Hrs / 27th May 2020 Last Price @ 707
Holding above 700 ------Auro can re-attempt 720-725 zone which is the resistance zone to sell later or sell below 700 level strictly.
Trade closed manually
13:41 Hrs / 27th May 2020 Thanks for the support. (Partial Target - close to 700 was reached)
Shall not be available for any further updates. Kindly manage your risk while trading
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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