Auropharma - Bearish Alternate Bat - Sell below 775

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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This is a correction happening in Auropharma. It will be choppy & confusing as suggested earlier once we get the correction - going above 810 -This stock is getting ready for big moves later if holds strictly above 810 & crosses 840 as well.

Trading Strategy

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Sell Strictly Below 775 - with stops above 780

Once it falls below 770 then kindly trail stops to cost price of 775

Downside Target -
750 / Below 750 for 730

Comment:

10:14 Hrs / 9th June 2020

Last Price @ 775.50

Strictly sell below 775 -----------------------Stock should not trade above 775 for safe traders - Risky traders also can take sell above 780

Targets
750 / 730

Thanks

Comment:

10:34 Hrs / 9th June 2020

Last Price @ 775.50

Risky Traders Sell with stops above 780 - Correction above

Trade active:

11:57 Hrs / 9th June 2020


-----------------------------Stock- ITC---------------------------------------------

Last Price @ 204.40
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Most of us must have lost their patience as ITC has been trading between 195-205 levels & making extremely tough moves

So, In this case, just keep a watch for selling below 204-205 zone & continue selling below 194-195 zone

When the upside cycle gets completed then the next fall could be amazing but let us not build a rosy picture of ourself & trade without emotions & Have the courage to stand up

If fall happens below 204-25 - Next halt shall be 194-195 - Below 194 - Shall be 185-187 zone & more on the downside.

Trade active:

13:20 Hrs / 9th June 2020

Stock Update - ITC

Last Price - 200.20 -------------------------- 200 is an important level which can hold it for a while & bounce upside to 202- 203 later will be selling again after some time

Trade active:

13:34 Hrs / 9th June 2020

Last Price @ 779

Auropharma is struggling between 775-780's -------------need a downside trigger which is 774-775

Once it gets a trigger below 774-775 - then the stock is most likely to fall & achieve the targets of 750 & 730 as mentioned in the main update.

Trade active:

14:11 Hrs / 9th June 2020

Last Price @ 776

Getting The First Confirmation - A Big Red Candle From The Tops of 780's - Trigger Level -775

Trade active:

15:19 Hrs / 9th June 2020

Last Price @ 198

-------------------------------------Stock - ITC---------------------------------

Selling The Tops Again from 204-205 levels - All updated here @11:57 Hrs today & 13:20 Hrs - Kindly scroll upside to read the updates

If you missed the selling today then wait for upside bounce to 202-203 zone (keep in mind - stock has to stop close by levels to sell once again later )

Trade active:

15:26 Hrs / 9th June 2020

Last Price - 771

Stock - Auropharma ---------------------------- 770 is holding Auro in a choppy move so book partial profits as it may attempt back again to 780's if it is not falling below 770

Trade closed manually:

Kindly trade with care & having proper risk management. Understanding more about the price is the most important information.

I may not answer any queries until for the next few days & weeks ahead. Shall do final recap for Index -Nifty before I stop responding further.

Thanks for all support.