WaveTalks

Auropharma Video - Selling Top@690-650 & Star Before Night Falls

Short
WaveTalks Updated   
NSE:AUROPHARMA   AUROBINDO PHARMA
Check the video for exciting journey from 690 to 670-665 & below 665 to 650 - Boom again to 670-677-687. Check the current status for target below 689 - 681-677-670. Should sustain below 689 as any move above 697-698 -setup invalidates.


Auropharma 1st Video - Selling the Tops below 689 -690 for 670-665-650

Do support. Thanks
Trade active:
14:41 Hrs 20th Dec20117

Last Price@690

Hardly sustaining below 689 so we will wait to sell or look to sell close to tops@694-695 if we see some weakness next.
Very clear -sell only below 689 when sustains next or sell close to tops with small stops.
Trade active:
10:18 Hrs 21st Dec2017

Last Price@691.30

Got a chance as discussed to highs of 697 - selling at top again. Keep in in mind any move above 697 - setup invalidates so one should book minor profit or trail the stops at cost.
Trade active:
10:38 Hrs 21st Dec2017

Last Price@687.70

Book Partial Profit as it stops again at same level as of yesterday 685-686 - Look for a bounce to sell or sell below 685 next for lower targets. 1 position for longer targets & 1 position for Intraday trade.
Comment:
10:40 Hrs 21st Dec2017

Picture - Minor Double Bottom in 685-686

Trade active:
11:19 Hrs 21st Dec2017

Last Price@687.70

Still waiting for bounce to sell again. Playing with Intraday position.
Trade active:
12:22 Hrs 21st Dec2017

Last Price@687.50

Congestion Zone- Most Important lesson which market teaches - have patience - let it break & you join the trend rather than guessing where it will go. Let market show us the way.

Likely we are waiting for some push upside to sell again.

Comment:
14:04 Hrs 21st Dec2017

Last Price@685

Not giving meaningful bounce from 687 looks like - it will puke more towards target of 681 - 677 - 670/671

Next above 690 - we will look for upside or we stay in sell position.
Trade active:
15:01 Hrs 21st Dec2017

Last Price@683.90

Made recent low @681.60 - Close attempt from 686 - Pukes

Trade active:
15:29 Hrs 21st Dec2017

Last Price@684

Next sell only below 680 or we buy - looking into Nifty tomorrow if Nifty holds above 10400 - we look to buy both Nifty & Auropharma
Trade active:
09:08 Hrs 22nd Dec2017

Last Price@684

Oh! - Likely to open gap up at 691.50

Trade active:
09:13 Hrs 22nd Dec2017

Last Price@687

Hope someone used bounce to 690-692 to sell as we are clear that safe traders buy only above 697 or sell below 681

Risky Traders can use the bounce to 690-692 to sell
Trade active:
11:05 Hrs 22nd Dec2017

Last Price@685-686

Below 685 is weak level.
Trade active:
11:23 Hrs 22nd Dec2017

Last Price@684

Again cracks from 685-686 & kisses 681.30 level - 3rd similar bottom. Enjoy the Sugarcane Juice.

Trade active:
11:44 Hrs 22nd Dec2017

Last Price@682.40

Double Headed Monster at 695-696 - Below 681 - Key Support Level

Trade closed: target reached:
13:51 Hrs 22nd Dec2017

Last Price@681

677 - Target done below 681 as stated above in update. Closing the update. Thanks


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

YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.