Auropharma - Tighten Your Seat Belts! Below 700 for 600 Target

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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 2020

Good 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.
Trade active: 09:51 Hrs / 22nd May 2020

Last Price @ 189.70

Suggested 185 is the key level just few mins back
Trade active: 10:23 Hrs / 22nd May 2020

Last 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
Comment: 10:25 Hrs / 22nd May 2020

Last 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
Trade active: 10:40 Hrs / 22nd May 2020

Last 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
Trade active: 10:53 Hrs / 22nd May 2020

Auropharma 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.
Trade active: 12:49 Hrs / 22nd May 2020

Last price @ 186.50-----------------ITC Stock Update

See Again it took support close to 185 -------------Support means buying-----going below 185 only sell continues.
Trade active: 14:54 Hrs / 22nd May 2020

Last 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.
Trade active: 15:01 Hrs / 22nd May 2020

Last 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
Trade active: 15:06 Hrs / 22nd May 2020

Monday 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
Trade active: 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
Comment: 15:25 Hrs / 22nd May 2020

Triggers downside ---------------for 8850 / 8700 levels downside
Comment: 15:32 Hrs / 22nd May 2020

Apologies for wrong numbers ------going below 8980 / 8950 -Index likely to slip to 8700 levels
Trade active: 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.
Trade active: 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
Trade active: 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.
Trade active: 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, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle


still holding tight.. 15min channel broken now break the 700
+1 Reply
@ashokakbari, Nice
ashokakbari AbhishekHSinghCMT
@AbhishekHSinghCMT, aapki maher baniya !!
@AbhishekHSinghCMT auro pharma ? wat a move ?
Need your help in the same stock as i was looking into the daily, Hourly and 30 mins TF i see a great divergence on MACD, please help me to confirm the same as today as the market was in rally Auropharma was in down trend, just need to know if the current level is good to enter on the short side
AbhishekHSinghCMT Swapnil_madhale
@Swapnil_madhale, You missed as earlier I updated in ideas that above 750 - Ideal level of selling is 790 with stops above 810. Entering here will expose you to a bigger risk.
Swapnil_madhale AbhishekHSinghCMT
@AbhishekHSinghCMT, thank you for the guidance
claps for this video sir !! learnt a new thing today :)
Today's profit is your contribution 100%
ENJOYING auro Pharma sell below 720 sold Future at 719Booked three times profit 706708and re entered at every raise 716714 range and closed at 710 and positionally holding one auro Pharma and ITC AT 191with SL 196bookedbprofit at 186 June ITC CONTRACT
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