Auropharma - Classic Alternate Bearish Bat at 1131 (Sell)Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
Auropharma
Last - 1106 / 1:14 pm / 1st April 2024
After Classic 5 Waves & Stock Topped at 1177 - Last Idea Published on 1st Feb 2024
Stock Dropped to logical support of 958.50 - Minor Support from the tops of 1177 as identified last. It dropped to 958.50 lows in next few days.
Currently, Stock Doing Sideways Once bottom was made at 958.50. We have a classic alternate bat with PRZ 1125-1135 zone & stock topped at 1131 -1st April 2024 as of today.
Trading Strategy
Stock Holding below 1125-1135 -Potential Reversal Zone - can slip to 1050-1075 support zone downside next.
From
WaveTalks
Abhishek
Alternate Bat
CNX FinancialThe introduction of the index into derivatives has come with a Bearish Alt Bat Harmonic pattern formed in Weekly Time Frame . A daily close below 15475 could lead to long unwinding that might make the index retest 15000 / 14000 . The view would be negated if it breaks above 15700 on hourly closing basis (after activating a down move)
RealTime: (Introducation of Alternate) Bat T-Bar on ITC.The Specification of Alt. Bat Patterns are the following:
The B point retracement must be a 0.382 retracement.
It must have a minimum 2.0BC projection .
Requires a 1.618 AB=CD calculation.
For the targets, I used a previous important level as 171.8 & 168.9 OR you can also use retracement level to secure your profit.
The Bat OR Alternate Bat Pattern forming by USDINR.The price will move upwards towards the PRZ area where I can expect selling pressure and price can fall up-to 38.2 or 61.8%.
Let's watch for the Terminal Bar near the PRZ area to execute the trade.
Auropharma - Bearish Alternate Bat - Sell below 775 Disclaimer
-----------------------------
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.
---------------------------------------------------------------------------------------------------------------------
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
--------------------------------
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
Nifty - H&S Pattern or Hide & Seek Sell Below 9450/9375Disclaimer
-----------------------------
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.
----------------------------------------------------------------------------------------------------------------------------
Hide & Seek = In Hindi called "Luka Chipi" - This Video Starts with a lovely musical piece from Bollywood Movie - "Do Anjane" - "Luk Chip Jao Na" lead role played by Senior Bachchan- Bollywood Super Hero.
------------------------------------------------------------------------------------------------------------------------------
Trading Strategy
-----------------------------------
Plan A
-----------------
Sell Strictly below 9450 for 9375 / Continue Sell later only below 9375 for
Target 1 - 9175-9161
Target 2 - Below 9175 for 8980-9000
Target 3 - Below 8950 for 8800 & 8700
Plan B
-----------------
Selling The Alternate Bat Pattern in the zone 9650-9700 ( If Stops) with strict Stops above 9735 for
Target - 9450 / Below 9450 for 9375 / Below 9375 for 9175-9161
-------------------------------------------------------------------------------------------------------------------------
Previous Ideas can be checked from TradingView Profile Page
in.tradingview.com
-------------------------------------------------------------------------------------------------------------------------
Thanks for watching this video & Thanks for your precious time. Have a wonderful week ahead.
ITC - Turned into STC - Will You Buy at 170-172?Disclaimer
-----------------------------
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.
---------------------------------------------------------------------------------------------------------------
Targets Upside (Strictly Holding 170's)
176
179
180-182
Above 182-185 - No Trade Zone
If Stops in 180-182 ( Strict Stops above 183)-------------Target Downside 179 / 176 / 170 / Below 170 - 158-160
Thanks for watching this video.