AbhishekHSinghCMT
Long

Auropharma- What Next Post Beautiful 5 Waves Down

NSE:AUROPHARMA   AUROBINDO PHARMA
265 views
2
265 5
Post the fall from 895 to 680 - Auro will likely do an ABC count- corrective waves are tough to guess-what type will it be but likely it should look for 61.8% of zone of the fall from 895 to 680 which is 812-815 as the resistance zone because it has already crossed 50% resistance zone at 788-790.

Trading Strategy
Look for a pullback as a short term buying opportunity & likely above 795-800 zone- if sustained, then one can look for 812-815 zone as mentioned above. Target could get extended to swing high 825 but be careful, it could be touched & go types(Take the money & run away from the market)- sometimes they don't give time to react.

Nov 14
Trade active: 10:16 Hrs 15th Nov2016

Last Price@745

The Auro started this aggressive fall from below 795 -we were supposed to buy above 795. Day's High@791
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Superb analysis
Reply
@krajesh, Hope so it helped
Reply
A nice chart send for Ur analysis in as a personnel message.
Reply
@ajayww2, Are you are talking about vedanta?
Reply
ajayww2 AbhishekHSinghCMT
@AbhishekHSinghCMT, yes vedanta Q2 results ended in loss
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out